Gymnastics Association of Texas

Analysis

Gymnastics Association of Texas is a registered charity in United States, based in Harker HTS, TX. It received its IRS tax-exemption ruling in September 1986, 40 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, Gymnastics Association of Texas reported income of $164k and spending of $136k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $164k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 22773%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gymnastics Association of Texas sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Royals Blue Line Club Inc ($163k), Fox Valley Special Recreation Foundation ($164k) and Stonewall Kickball - Philadelphia ($163k).

At year end it held assets of $167k against liabilities of $11k, net assets of $156k.