Is Gold Medal Gymnastics Support Organization Inc Legit?
Quick charity verification for Gold Medal Gymnastics Support Organization Inc (EIN: 201720025)
Verdict: Gold Medal Gymnastics Support Organization Inc appears trustworthy
95/100Mission Score
$276KRevenue
$188KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth from $31,062 to $276,031.
Zero liabilities reported across all filing periods, indicating strong financial health.
No officer compensation reported, suggesting a volunteer-driven leadership and efficient use of funds.
Healthy asset growth from $76,102 to $187,883.
Positive net income in most years, demonstrating effective financial management.
Spending Breakdown
How Gold Medal Gymnastics Support Organization Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Gold Medal Gymnastics Support Organization Inc
Is Gold Medal Gymnastics Support Organization Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gold Medal Gymnastics Support Organization Inc (EIN: 201720025) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Gold Medal Gymnastics Support Organization Inc a good charity to donate to?
Gold Medal Gymnastics Support Organization Inc has a Mission Score of 95/100. Revenue: $276K. Assets: $188K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gold Medal Gymnastics Support Organization Inc?
The Employer Identification Number (EIN) for Gold Medal Gymnastics Support Organization Inc is 201720025. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Gold Medal Gymnastics Support Organization Inc spend its money?
Gold Medal Gymnastics Support Organization Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gold Medal Gymnastics Support Organization Inc's tax-exempt status?
You can verify Gold Medal Gymnastics Support Organization Inc's tax-exempt status using EIN 201720025 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Gold Medal Gymnastics Support Organization Inc demonstrates consistent financial growth over its filing history, with revenue increasing from $31,062 in 2011 to $276,031 in its latest period. The organization maintains a healthy asset base, growing from $76,102 to $187,883, with zero liabilities reported across all periods, indicating strong financial stability and responsible management of resources. This lack of liabilities is a significant positive indicator of fiscal health. The organization's spending efficiency appears strong, as evidenced by its consistent positive net income in most years, particularly in 2013 where revenue significantly outpaced expenses ($97,972 vs. $32,334). The absence of reported officer compensation across all filings suggests a volunteer-driven leadership, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs. This commitment to volunteer leadership enhances the organization's transparency and efficiency profile.