Bismarck Gymnastics Academy Inc

Analysis

Bismarck Gymnastics Academy Inc is a registered charity in United States, based in Bismarck, ND. It received its IRS tax-exemption ruling in February 1980, 46 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Bismarck Gymnastics Academy Inc reported income of $667k and spending of $661k, spending 99% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $478k to $667k (+40%), an average of +6.9% a year. The sharpest change came in the year to May 2023, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bismarck Gymnastics Academy Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within ND. Charities of a similar size with the same main cause include Mid-Peninsula Ginzton Inc ($667k), Chai Corporation C/O Joseph Guttman ($667k) and Devils Lake Rural Fire Department Inc ($667k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.2% and program service revenue 73% of the total. Other salaries and wages came to $447k. At year end it held assets of $708k against liabilities of $5,161, net assets of $703k. It reported 76 employees.