Monterey Bay Gymnastics Association

Analysis

Monterey Bay Gymnastics Association is a registered charity in United States, based in Sand City, CA. It received its IRS tax-exemption ruling in June 2014, 12 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, Monterey Bay Gymnastics Association reported income of $78k and spending of $90k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $78k (+6.3%), an average of +6.3% a year. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Monterey Bay Gymnastics Association sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($78k), Stadium and Main Foundation Inc ($78k) and Universal Fastpitch ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 75% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.