Elite Gymnastics Academy Inc
EIN: 453709960 · North Freedom, WI
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $197K |
| Net Assets | $28K |
Is Elite Gymnastics Academy Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elite Gymnastics Academy Inc
Elite Gymnastics Academy Inc (EIN: 453709960) is a nonprofit organization based in North Freedom, WI. The organization reported total revenue of $252K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elite Gymnastics Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elite Gymnastics Academy Inc is a small nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $227K |
| Total Expenses | $197K |
| Surplus / Deficit | +$30K |
| Total Assets | $53K |
| Total Liabilities | $25K |
| Net Assets | $28K |
| Operating Margin | 13.2% |
| Debt-to-Asset Ratio | 47.1% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Elite Gymnastics Academy Inc reported a surplus of $30K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 47.1% (moderate leverage).
Financial Trends
Over 3 years of filings (2021–2023), Elite Gymnastics Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.8% | +1.0% | +47.3% |
| 2022 | +30.5% | +43.4% | +276.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elite Gymnastics Academy Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elite Gymnastics Academy Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 47.1%.
Frequently Asked Questions about Elite Gymnastics Academy Inc
Is Elite Gymnastics Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elite Gymnastics Academy Inc (EIN: 453709960) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elite Gymnastics Academy Inc spend its money?
Detailed spending breakdown data is not yet available for Elite Gymnastics Academy Inc. Check back for updated IRS 990 analysis.
Are donations to Elite Gymnastics Academy Inc tax-deductible?
Elite Gymnastics Academy Inc is registered as a tax-exempt nonprofit (EIN: 453709960). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elite Gymnastics Academy Inc located?
Elite Gymnastics Academy Inc is headquartered in North Freedom, Wisconsin and files with the IRS under EIN 453709960.
How many years of IRS 990 filings does Elite Gymnastics Academy Inc have?
Elite Gymnastics Academy Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $252K in total revenue.
Filing History
IRS 990 filing history for Elite Gymnastics Academy Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Elite Gymnastics Academy Inc's revenue has grown by 61.6%, moving from $141K to $227K. Total assets increased by 454.7% over the same period, from $9K to $53K. Total functional expenses rose by 44.8%, from $136K to $197K. In its most recent filing year (2023), Elite Gymnastics Academy Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $25K in liabilities against $53K in assets (debt-to-asset ratio: 47.1%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $227K | $197K | $53K | $25K | — | View 990 |
| 2022 | $184K | $195K | $36K | $38K | — | View 990 |
| 2021 | $141K | $136K | $9K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $227K, expenses of $197K, and assets of $53K (revenue +23.8% year-over-year).
- 2022: Revenue of $184K, expenses of $195K, and assets of $36K (revenue +30.5% year-over-year).
- 2021: Revenue of $141K, expenses of $136K, and assets of $9K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elite Gymnastics Academy Inc:
Data Sources and Methodology
This transparency report for Elite Gymnastics Academy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.