Champions Gymnastics Parents Organization

Analysis

Champions Gymnastics Parents Organization is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in August 2012, 14 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 May 2023, Champions Gymnastics Parents Organization reported income of $114k and spending of $108k, spending 95% of its income. Across the 3 years on record, from May 2021 to May 2023, income grew from $62k to $114k (+85%), an average of +36% a year. The sharpest change came in the year to May 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Champions Gymnastics Parents Organization sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include North Penn Duplicate Bridge Club ($114k), National Alliance of African American Athletes ($114k) and Parkland Buddy Sports Inc ($114k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 2.3% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.