Silvias Gymnastics Parent Association

Analysis

Silvias Gymnastics Parent Association is a registered charity in United States, based in Frederick, PA. It received its IRS tax-exemption ruling in July 2004, 22 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 December 2023, Silvias Gymnastics Parent Association reported income of $243k and spending of $224k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $243k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 217%. 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, Silvias Gymnastics Parent Association sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Red Oak Baseball Softball Association ($243k), United States Bowling Congress Inc ($243k) and Moorestown Soccer Club Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.