Gymnastics & Acro of Fair Oaks

Analysis

Gymnastics & Acro of Fair Oaks is a registered charity in United States, based in Rncho Cordova, CA. It received its IRS tax-exemption ruling in May 1995, 31 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, Gymnastics & Acro of Fair Oaks reported income of $486k and spending of $434k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $508k to $486k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to June 2022, when income rose by 463%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gymnastics & Acro of Fair Oaks sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Bike Cleveland ($486k), Trail Ridge Camp Inc ($486k) and Center Grove Little League Inc ($486k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Other salaries and wages came to $31k. At year end it held assets of $215k against liabilities of $0, net assets of $215k. It reported 15 employees.