Gunston Athletic Institute Ltd

Analysis

Gunston Athletic Institute Ltd is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in January 2020, 6 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, Gunston Athletic Institute Ltd reported income of $1.0m and spending of $984k, spending 94% of its income. Across the 5 years on record, from August 2015 to August 2022, income grew from $479k to $1.0m (+119%), an average of +22% a year. The sharpest change came in the year to August 2021, when income rose by 143%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gunston Athletic Institute Ltd sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Strikers Fox Valley Soccer Club ($1.0m), California Regional Training Center ($1.0m) and Vermont Huts Association Ltd ($1.0m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Other salaries and wages came to $127k. At year end it held assets of $668k against liabilities of $34k, net assets of $634k. It reported 2 employees.