Northern Lights Gymnastics Academy Inc

Analysis

Northern Lights Gymnastics Academy Inc is a registered charity in United States, based in Beulah, ND. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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 August 2023, Northern Lights Gymnastics Academy Inc reported income of $77k and spending of $35k, leaving 54% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $77k to $77k (-0.1%), an average of -0.1% a year. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northern Lights Gymnastics Academy Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 21st percentile within ND. Charities of a similar size with the same main cause include Western Pa Pullin 4 a Purpose Inc ($77k), Alzheimers Aid Society of Northern California Inc ($77k) and Hill Thrift Shop Inc ($77k).

At year end it held assets of $108k against liabilities of $0, net assets of $108k.