Richardson Gymnastics Team

Analysis

Richardson Gymnastics Team is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in February 2018, 8 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 July 2024, Richardson Gymnastics Team reported income of $61k and spending of $49k, leaving 21% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income fell from $71k to $61k (-14%), an average of -14% a year. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richardson Gymnastics Team sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Cleburne Football League Inc ($61k), Rye Garnets Ice Hockey Inc ($61k) and Xplosion SC Inc ($61k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 1.7% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.