River City Inclusive Gymnastics Inc

Analysis

River City Inclusive Gymnastics Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in October 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 December 2023, River City Inclusive Gymnastics Inc reported income of $383k and spending of $325k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $239k to $383k (+61%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, River City Inclusive Gymnastics Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Friends of the Riverwalk Inc ($383k), Tennessee Heat Basketball ($383k) and Potomac Speedskating Club Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $107k (33% of expenses). Other salaries and wages came to $61k. At year end it held assets of $279k against liabilities of $8,836, net assets of $270k. It reported 12 employees.