Balance 180 Gymnastics and Sports Academy

Analysis

Balance 180 Gymnastics and Sports Academy is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 2014, 12 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, Balance 180 Gymnastics and Sports Academy reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $663k to $1.2m (+86%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Balance 180 Gymnastics and Sports Academy sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Black Mountain of Maine ($1.2m), Mount Zion Economic Community Center Inc ($1.2m) and 4g44 Esports Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Other salaries and wages came to $787k. At year end it held assets of $2.9m against liabilities of $1.7m, net assets of $1.3m. It reported 96 employees.