Los Alamos School of Gymnastics

Analysis

Los Alamos School of Gymnastics is a registered charity in United States, based in Northfield, MN. It received its IRS tax-exemption ruling in January 1986, 40 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 August 2023, Los Alamos School of Gymnastics reported income of $263k and spending of $224k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $244k to $263k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to August 2023, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Alamos School of Gymnastics sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Sun Prairie Youth Hockey Association Inc ($263k), Mile High Veterans Services ($263k) and Wausau Area Mobile Meals Inc ($263k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $53k (24% of expenses). Other salaries and wages came to $55k. At year end it held assets of $720k against liabilities of $116k, net assets of $604k. It reported 29 employees.