Maryland Gymnastics Inc

Analysis

Maryland Gymnastics Inc is a registered charity in United States, based in Millersville, MD. It received its IRS tax-exemption ruling in June 2012, 14 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, Maryland Gymnastics Inc reported income of $598k and spending of $686k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $566k to $598k (+5.8%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 541%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maryland Gymnastics Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include 4city Community Sports Leagues ($598k), Greater Bridgeport Junior Hockey Association Inc ($598k) and The Grove at Red Oak Lake Inc ($598k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 86% of the total. At year end it held assets of $120k against liabilities of $49k, net assets of $71k.