Ascend Gymnastics Boosters

Analysis

Ascend Gymnastics Boosters is a registered charity in United States, based in Auburn, WA. It received its IRS tax-exemption ruling in June 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 May 2024, Ascend Gymnastics Boosters reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $558k to $1.0m (+88%), an average of +17% a year. The sharpest change came in the year to May 2022, when income rose by 842%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ascend Gymnastics Boosters sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Citizens Library Association of Washington Pa ($1.0m), Winfield Hill Inc ($1.0m) and Croft House Inc ($1.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 101% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.