Ribeyre Gymnasium Restoration Group Inc

Analysis

Ribeyre Gymnasium Restoration Group Inc is a registered charity in United States, based in New Harmony, IN. It received its IRS tax-exemption ruling in June 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ribeyre Gymnasium Restoration Group Inc reported income of $59k and spending of $93k, spending 158% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $92k to $59k (-36%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 121% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ribeyre Gymnasium Restoration Group Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IN. Charities of a similar size with the same main cause include Lincoln Sportsmens Club ($59k), Waverly Legion Baseball ($59k) and MCC Indians Boosters Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. At year end it held assets of $696k against liabilities of $558, net assets of $696k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.