Richmond Olympiad Gymnastics Club Inc

Analysis

Richmond Olympiad Gymnastics Club Inc is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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, Richmond Olympiad Gymnastics Club Inc reported income of $491k and spending of $452k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $438k to $491k (+12%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Richmond Olympiad Gymnastics Club Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include President George Washington Manor I ($490k), Habitat for Humanity International Inc ($491k) and Bridgeville Public Library ($490k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $11k (2.4% of expenses). Other salaries and wages came to $207k. At year end it held assets of $48k against liabilities of $421, net assets of $48k. It reported 26 employees.