Alpena Gymnastics Inc

Analysis

Alpena Gymnastics Inc is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in July 2007, 19 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 2024, Alpena Gymnastics Inc reported income of $257k and spending of $277k, spending 108% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $218k to $257k (+18%), an average of +8.6% a year. 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, Alpena Gymnastics Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Mountain Bike Association of Arizona ($257k), Lone Star Collegiate Lacrosse Alliance ($257k) and East Pennsboro Youth Athletic League ($257k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $120k. At year end it held assets of $83k against liabilities of $7,654, net assets of $75k. It reported 4 employees.