Three Rivers Gymnastics

Analysis

Three Rivers Gymnastics is a registered charity in United States, based in Wahpeton, ND. It received its IRS tax-exemption ruling in October 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Three Rivers Gymnastics reported income of $404k and spending of $304k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $404k (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Three Rivers Gymnastics sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within ND. Charities of a similar size with the same main cause include Grand Slam Foundation Inc ($404k), Centerville United Galaxies Soccer Club Inc ($404k) and Elite Aquatics Sports Team Inc ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $24k (7.9% of expenses). Other salaries and wages came to $171k. At year end it held assets of $771k against liabilities of $5,855, net assets of $765k. It reported 34 employees.