Joys Gymnastics

Analysis

Joys Gymnastics is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Joys Gymnastics reported income of $219k and spending of $154k, leaving 30% of income unspent that year. Across the 4 years on record, from August 2019 to August 2022, income grew from $170k to $219k (+29%), an average of +8.8% a year. The sharpest change came in the year to August 2021, when income rose by 61%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Joys Gymnastics sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within IN. Charities of a similar size with the same main cause include Morton County Fair Association ($219k), Discovery Riders Inc ($219k) and Piedmont Little League Inc ($219k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 0.2% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $29k (19% of expenses). Other salaries and wages came to $56k. At year end it held assets of $306k against liabilities of $95k, net assets of $212k. It reported 16 employees.