Broadway Gymnastics Foundation

Analysis

Broadway Gymnastics Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1984, 42 years ago. 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, Broadway Gymnastics Foundation reported income of $226k and spending of $137k, leaving 40% of income unspent that year. Across the 4 years on record, from June 2019 to June 2024, income grew from $133k to $226k (+70%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Broadway Gymnastics Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Pharmacy Foundation of the University of Missouri ($226k), Ibis Healthcare Foundation Inc ($226k) and Scholarship Foundation of Southwest Georgia Inc ($226k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $3,600 (2.6% of expenses). At year end it held assets of $230k against liabilities of $0, net assets of $230k.