The Ruidoso Gymnastics Association Inc

Analysis

The Ruidoso Gymnastics Association Inc is a registered charity in United States, based in Ruidoso Downs, NM. It received its IRS tax-exemption ruling in August 1983, 43 years ago. 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 April 2023, The Ruidoso Gymnastics Association Inc reported income of $161k and spending of $170k, spending 105% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income grew from $115k to $161k (+40%), an average of +12% a year. The sharpest change came in the year to April 2023, when income rose by 21%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Ruidoso Gymnastics Association Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NM. Charities of a similar size with the same main cause include All South Bay Central Office of Alcoholics Anonymous ($161k), Little League Baseball Inc ($161k) and St Francis Catholic School Foundation Inc ($161k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $92k. At year end it held assets of $285k against liabilities of $7,872, net assets of $277k. It reported 12 employees.