Acro-Sports Gymnastics and Sports Acrobatics Center

Analysis

Acro-Sports Gymnastics and Sports Acrobatics Center is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1994, 32 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 July 2023, Acro-Sports Gymnastics and Sports Acrobatics Center reported income of $1.7m and spending of $1.4m, spending 83% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.0m to $1.7m (-13%), an average of -3.6% a year. The sharpest change came in the year to July 2022, when income rose by 213%. 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, Acro-Sports Gymnastics and Sports Acrobatics Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The Huddle a Sport Leadership Institute Inc ($1.7m), City Parks Alliance Inc ($1.7m) and Green Mountain Horse Association Inc ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $139k (9.7% of expenses). Other salaries and wages came to $729k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.7m. It reported 54 employees.