Richfield Gymnastics Club
EIN: 237296994 · Bloomington, MN
| Metric | Value |
|---|---|
| Total Revenue | $656K |
| Total Expenses | $659K |
| Net Assets | $383K |
Is Richfield Gymnastics Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richfield Gymnastics Club
Richfield Gymnastics Club (EIN: 237296994) is a nonprofit organization based in Bloomington, MN. The organization reported total revenue of $656K and total assets of $383K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richfield Gymnastics Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richfield Gymnastics Club is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $656K |
| Total Expenses | $659K |
| Surplus / Deficit | $-3,300 |
| Total Assets | $383K |
| Net Assets | $383K |
| Operating Margin | -0.5% |
| Months of Reserves | 7.0 months |
Financial Health Grade: B
In 2023, Richfield Gymnastics Club reported a deficit of $3K with expenses exceeding revenue, holds 7.0 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Richfield Gymnastics Club's revenue has grown at a compound annual growth rate (CAGR) of 14.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +13.1% | -0.9% |
| 2022 | +20.4% | +15.4% | +31.3% |
| 2021 | +52.7% | +8.1% | +23.3% |
| 2020 | -33.7% | -23.4% | -29.5% |
| 2019 | -0.4% | +12.2% | -14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richfield Gymnastics Club 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 Richfield Gymnastics Club 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 deficit of $3K, with expenses exceeding revenue.
Frequently Asked Questions about Richfield Gymnastics Club
Is Richfield Gymnastics Club a legitimate charity?
Richfield Gymnastics Club (EIN: 237296994) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $656K. No red flags identified. Financial health grade: B.
How does Richfield Gymnastics Club spend its money?
Richfield Gymnastics Club reported $656K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Richfield Gymnastics Club tax-deductible?
Richfield Gymnastics Club is registered as a tax-exempt nonprofit (EIN: 237296994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richfield Gymnastics Club located?
Richfield Gymnastics Club is headquartered in Bloomington, Minnesota and files with the IRS under EIN 237296994.
How many years of IRS 990 filings does Richfield Gymnastics Club have?
Richfield Gymnastics Club has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $656K in total revenue.
Filing History
IRS 990 filing history for Richfield Gymnastics Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Richfield Gymnastics Club's revenue has grown by 380.8%, moving from $136K to $656K. Total assets increased by 625.7% over the same period, from $53K to $383K. Total functional expenses rose by 404.6%, from $131K to $659K. In its most recent filing year (2023), Richfield Gymnastics Club reported a deficit of $3K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $656K | $659K | $383K | $0 | — | — |
| 2022 | $674K | $582K | $387K | $0 | — | View 990 |
| 2021 | $560K | $504K | $295K | $0 | — | View 990 |
| 2020 | $367K | $467K | $239K | $0 | — | View 990 |
| 2019 | $553K | $609K | $339K | $0 | — | — |
| 2018 | $555K | $543K | $395K | $0 | — | View 990 |
| 2017 | $576K | $438K | $383K | $0 | — | View 990 |
| 2016 | $464K | $380K | $244K | $0 | — | View 990 |
| 2015 | $359K | $302K | $160K | $0 | — | View 990 |
| 2014 | $237K | $186K | $103K | $0 | — | View 990 |
| 2013 | $198K | $190K | $53K | $0 | — | View 990 |
| 2011 | $136K | $131K | $53K | $727 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $656K, expenses of $659K, and assets of $383K (revenue -2.8% year-over-year).
- 2022: Revenue of $674K, expenses of $582K, and assets of $387K (revenue +20.4% year-over-year).
- 2021: Revenue of $560K, expenses of $504K, and assets of $295K (revenue +52.7% year-over-year).
- 2020: Revenue of $367K, expenses of $467K, and assets of $239K (revenue -33.7% year-over-year).
- 2019: Revenue of $553K, expenses of $609K, and assets of $339K (revenue -0.4% year-over-year).
- 2018: Revenue of $555K, expenses of $543K, and assets of $395K (revenue -3.6% year-over-year).
- 2017: Revenue of $576K, expenses of $438K, and assets of $383K (revenue +24.1% year-over-year).
- 2016: Revenue of $464K, expenses of $380K, and assets of $244K (revenue +29.4% year-over-year).
- 2015: Revenue of $359K, expenses of $302K, and assets of $160K (revenue +51.7% year-over-year).
- 2014: Revenue of $237K, expenses of $186K, and assets of $103K (revenue +19.2% year-over-year).
- 2013: Revenue of $198K, expenses of $190K, and assets of $53K (revenue +45.6% year-over-year).
- 2011: Revenue of $136K, expenses of $131K, and assets of $53K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richfield Gymnastics Club:
Data Sources and Methodology
This transparency report for Richfield Gymnastics Club 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.