Cobb Gymnastic Center Parents Club Inc

Analysis

Cobb Gymnastic Center Parents Club Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in April 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cobb Gymnastic Center Parents Club Inc reported income of $292k and spending of $304k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $297k to $292k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income dropped by 56%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cobb Gymnastic Center Parents Club Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include West Michigan Galaxy ($292k), Sedro Woolley Riding & Racing Club ($292k) and Wellesley Youth Basketball Association Inc ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Other salaries and wages came to $164k. At year end it held assets of $14k against liabilities of -$151, net assets of $14k. It reported 11 employees.