Arizona Gymnastics Foundation Inc

Analysis

Arizona Gymnastics Foundation Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in December 2003, 23 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, Arizona Gymnastics Foundation Inc reported income of $146k and spending of $146k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $146k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Arizona Gymnastics Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within AZ. Charities of a similar size with the same main cause include Chinook Performance Racing ($146k), Bears Wrestling Club Inc ($146k) and Bennington Baseball Club ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.2% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.