Philadelphia Boys Gymnastics

Analysis

Philadelphia Boys Gymnastics is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2011, 15 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 June 2023, Philadelphia Boys Gymnastics reported income of $395k and spending of $448k, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $255k to $395k (+55%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Philadelphia Boys 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 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Frisco Football League ($395k), Pop Warner Little Scholars Inc ($395k) and Wildrock ($395k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $156k (35% of expenses). Other salaries and wages came to $41k. At year end it held assets of -$53k against liabilities of $0, net assets of -$53k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.