Gainesville Athletic Club Inc

Analysis

Gainesville Athletic Club Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in August 2000, 26 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, Gainesville Athletic Club Inc reported income of $119k and spending of $82k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $100k to $119k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gainesville Athletic Club Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Pendleton Youth Soccer Association Inc ($119k), William R Gaines Jr Veteran Memoria L Fund Inc ($119k) and Nampa Swim Team Inc ($119k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.