Vernon Lee Amateur Gymnastics Academy

Analysis

Vernon Lee Amateur Gymnastics Academy is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in July 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vernon Lee Amateur Gymnastics Academy reported income of $807k and spending of $883k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $586k to $807k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vernon Lee Amateur Gymnastics Academy sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Cape Fear Child Development Center ($807k), Hawaii State Golf Association ($808k) and Furman Youth Association Inc ($806k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $266k. At year end it held assets of $545k against liabilities of $26k, net assets of $519k. It reported 24 employees.