USA Gymnastics

Analysis

USA Gymnastics is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in December 1982, 44 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, USA Gymnastics reported income of $27.6m and spending of $30.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.5m to $27.6m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Gymnastics sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Next Door Foundation Inc ($27.0m), Legacy Cares Inc ($27.8m) and Sugar Bowl Louisiana Superdome ($27.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $1.9m (6.1% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $14.9m against liabilities of $21.4m, net assets of -$6.6m. It reported 63 employees.