Valley Gymnastics Association

Analysis

Valley Gymnastics Association is a registered charity in United States, based in Mesa, AZ. It received its IRS tax-exemption ruling in April 1984, 42 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 June 2023, Valley Gymnastics Association reported income of $104k and spending of $118k, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $240k to $104k (-57%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Valley Gymnastics Association sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within AZ. Charities of a similar size with the same main cause include Elizabethtown Aquatic Club ($104k), Greenvillage Youth League Incorporated ($104k) and GRCCHB Inc ($104k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $45k against liabilities of $82k, net assets of -$37k.