Region 8 Gymnastics Inc

Analysis

Region 8 Gymnastics Inc is a registered charity in United States, based in Buford, GA. It received its IRS tax-exemption ruling in February 2019, 7 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, Region 8 Gymnastics Inc reported income of $69k and spending of $123k, spending 177% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $69k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Region 8 Gymnastics Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within GA. Charities of a similar size with the same main cause include United States Bowling Congress Inc ($69k), Granite Town Festivities Committee ($69k) and Collingdale Athletic Club ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 195% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.