Anchorage Gymnastics Association

Analysis

Anchorage Gymnastics Association is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anchorage Gymnastics Association reported income of $2.3m and spending of $2.2m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.3m (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 101% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Anchorage Gymnastics Association sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within AK. Charities of a similar size with the same main cause include Arvada Soccer Association Inc ($2.3m), Knox Inc ($2.3m) and Minneapolis United Soccer for the City ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $218k (10.0% of expenses). Other salaries and wages came to $608k. At year end it held assets of $842k against liabilities of $18k, net assets of $824k. It reported 44 employees.