Hills Angels Gymnastic Team Incorporated

Analysis

Hills Angels Gymnastic Team Incorporated is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in November 1982, 44 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, Hills Angels Gymnastic Team Incorporated reported income of $424k and spending of $291k, leaving 31% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $284k to $424k (+49%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 89%. Over the whole period it spent 79% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hills Angels Gymnastic Team Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Arlington Sports Inc ($424k), Santa Cruz Water Polo Club ($424k) and West Main Recreation Corp ($424k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 59% of the total. At year end it held assets of $449k against liabilities of $0, net assets of $449k.