American Academy of Gymnastics Booster Club

Analysis

American Academy of Gymnastics Booster Club is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 June 2023, American Academy of Gymnastics Booster Club reported income of $542k and spending of $639k, spending 118% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $533k to $542k (+1.6%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Academy of Gymnastics Booster Club sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Trout Unlimited ($542k), The Foundation of the American Assn of Gynecologic Laparoscopists ($542k) and Alpental-Snoqualmie Ski Foundation ($542k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $18k against liabilities of $18k, net assets of $89.

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.