American Gold Gymnastics

Analysis

American Gold Gymnastics is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in March 1976, 50 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, American Gold Gymnastics reported income of $2.7m and spending of $2.3m, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.5m to $2.7m (+75%), an average of +15% a year. The sharpest change came in the year to May 2022, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Gold Gymnastics sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ND. Charities of a similar size with the same main cause include Destiny Arts Center ($2.7m), Intercollegiate Tennis Coaches ($2.7m) and Special Olympics Kansas Inc ($2.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 7.2% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $143k (6.2% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.6m against liabilities of $364k, net assets of $2.2m. It reported 114 employees.