Gymnastics Club Inc

Analysis

Gymnastics Club Inc is a registered charity in United States, based in Bartlesville, OK. It received its IRS tax-exemption ruling in April 1976, 50 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 December 2023, Gymnastics Club Inc reported income of $714k and spending of $649k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $714k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gymnastics Club Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OK. Charities of a similar size with the same main cause include Northern Section California Interscholastic Federation ($714k), Friends of the Bantam Jeep Association Inc ($714k) and Wayzata Boys Basketball Association ($714k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 61% of the total. Other salaries and wages came to $417k. At year end it held assets of $1.0m against liabilities of $4,122, net assets of $1.0m. It reported 46 employees.