Valley Twisters Gymnastics Club Inc

Analysis

Valley Twisters Gymnastics Club Inc is a registered charity in United States, based in Valley City, ND. It received its IRS tax-exemption ruling in February 1994, 32 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 December 2023, Valley Twisters Gymnastics Club Inc reported income of $185k and spending of $125k, leaving 32% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $159k to $185k (+16%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Valley Twisters Gymnastics Club Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 44th percentile within ND. Charities of a similar size with the same main cause include Lake Region Snowmobile Club Inc ($185k), Hot Tubes Development Cycling Team Inc ($185k) and Eventide Arts Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $40k (32% of expenses). Other salaries and wages came to $19k. At year end it held assets of $209k against liabilities of $66, net assets of $209k. It reported 14 employees.