Piedmont Gymnastics Organization Inc

Analysis

Piedmont Gymnastics Organization Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2002, 24 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, Piedmont Gymnastics Organization Inc reported income of $305k and spending of $288k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $177k to $305k (+73%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 122%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Piedmont Gymnastics Organization Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Lakes Area Hockey Association ($305k), Pop Warner Little Scholars Inc ($305k) and Arkansas Elite Barrel Racing Inc ($305k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.