Washington Mens Gymnastics Foundation

Analysis

Washington Mens Gymnastics Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Washington Mens Gymnastics Foundation reported income of $218k and spending of $308k, spending 141% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $201k to $218k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Washington Mens Gymnastics Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Laurel School Parent Teacher Organization ($218k), Oakland School Education Foundation ($218k) and National Bible Bowl ($218k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $12k (3.9% of expenses). Other salaries and wages came to $78k. At year end it held assets of $704k against liabilities of $0, net assets of $704k. It reported 2 employees.