National Gymnastics Association Inc

Analysis

National Gymnastics Association Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2023, National Gymnastics Association Inc reported income of $1.5m and spending of $1.0m, leaving 31% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $320k to $1.5m (+364%), an average of +115% a year. The sharpest change came in the year to June 2022, when income rose by 139%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, National Gymnastics Association Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Woodbury Area Hockey Club ($1.5m), Plantation Atheletic League Inc ($1.5m) and Tri-City Eagles Hockey Association of the Capital Hockey League Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $240k. At year end it held assets of $545k against liabilities of -$95k, net assets of $640k. It reported 10 employees.