Jamestown Gymnastics Club

Analysis

Jamestown Gymnastics Club is a registered charity in United States, based in Jamestown, ND. It received its IRS tax-exemption ruling in May 1985, 41 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 July 2023, Jamestown Gymnastics Club reported income of $371k and spending of $266k, leaving 28% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $261k to $371k (+42%), an average of +12% a year. The sharpest change came in the year to July 2021, when income rose by 52%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jamestown Gymnastics Club sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ND. Charities of a similar size with the same main cause include Sand Creek Regional Greenway Partnership Inc ($371k), Pilgrim Camp Inc ($371k) and West Volusia Athletic Club ($371k).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 63% of the total. Other salaries and wages came to $97k. At year end it held assets of $1.1m against liabilities of $474k, net assets of $581k.