River Falls Gymnastics Club Inc

Analysis

River Falls Gymnastics Club Inc is a registered charity in United States, based in River Falls, WI. It received its IRS tax-exemption ruling in July 2008, 18 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 August 2023, River Falls Gymnastics Club Inc reported income of $476k and spending of $410k, spending 86% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $421k to $476k (+13%), an average of +3.1% a year. The sharpest change came in the year to August 2021, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, River Falls Gymnastics Club Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Atlanta Rugby Foundation Inc ($476k), Camp Casco Inc ($476k) and Penn-York Camp Association Inc ($476k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $7,233 (1.8% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.5m against liabilities of $528k, net assets of $943k. It reported 38 employees.