World Class Gymnastics Parents Association Inc
EIN: 260411517 · Newport News, VA · NTEE: N70
Is World Class Gymnastics Parents Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About World Class Gymnastics Parents Association Inc
World Class Gymnastics Parents Association Inc (EIN: 260411517) is a nonprofit organization based in Newport News, VA, classified under NTEE code N70. The organization reported total revenue of $4.7M and total assets of $351K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of World Class Gymnastics Parents Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
World Class Gymnastics Parents Association Inc is a mid-size nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $368K |
| Total Expenses | $395K |
| Surplus / Deficit | $-27,401 |
| Total Assets | $492K |
| Net Assets | $492K |
| Operating Margin | -7.5% |
| Months of Reserves | 14.9 months |
Financial Health Grade: B
In 2024, World Class Gymnastics Parents Association Inc reported a deficit of $27K with expenses exceeding revenue, holds 14.9 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), World Class Gymnastics Parents Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.6% | -11.5% | -5.3% |
| 2023 | -35.8% | +34.4% | -16.8% |
| 2022 | -12.9% | +47.6% | +47.3% |
| 2021 | +562.5% | +79.8% | +1034.6% |
| 2020 | -61.2% | -44.5% | -46.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for World Class Gymnastics Parents Association 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 World Class Gymnastics Parents Association 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $27K, with expenses exceeding revenue.
Frequently Asked Questions about World Class Gymnastics Parents Association Inc
Is World Class Gymnastics Parents Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, World Class Gymnastics Parents Association Inc (EIN: 260411517) insufficient data. 0 red flags identified, 0 strengths noted.
How does World Class Gymnastics Parents Association Inc spend its money?
Detailed spending breakdown data is not yet available for World Class Gymnastics Parents Association Inc. Check back for updated IRS 990 analysis.
Are donations to World Class Gymnastics Parents Association Inc tax-deductible?
World Class Gymnastics Parents Association Inc is registered as a tax-exempt nonprofit (EIN: 260411517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for World Class Gymnastics Parents Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), World Class Gymnastics Parents Association Inc's revenue has grown by 300%, moving from $92K to $368K. Total assets increased by 3827.9% over the same period, from $13K to $492K. Total functional expenses rose by 158.6%, from $153K to $395K. In its most recent filing year (2024), World Class Gymnastics Parents Association Inc reported a deficit of $27K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $368K | $395K | $492K | $0 | — | — |
| 2023 | $342K | $446K | $519K | $0 | — | View 990 |
| 2022 | $532K | $332K | $624K | $0 | — | View 990 |
| 2021 | $611K | $225K | $424K | $0 | — | View 990 |
| 2020 | $92K | $125K | $37K | $0 | — | View 990 |
| 2019 | $238K | $226K | $70K | $0 | — | View 990 |
| 2018 | $198K | $176K | $58K | $0 | — | View 990 |
| 2017 | $109K | $147K | $36K | $0 | — | View 990 |
| 2016 | $200K | $181K | $74K | $0 | — | View 990 |
| 2015 | $184K | $183K | $55K | $100 | — | View 990 |
| 2014 | $174K | $119K | $54K | $0 | — | View 990 |
| 2013 | $126K | $123K | $29K | $30K | — | View 990 |
| 2012 | $154K | $4K | $19K | $22K | — | View 990 |
| 2011 | $92K | $153K | $13K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $368K, expenses of $395K, and assets of $492K (revenue +7.6% year-over-year).
- 2023: Revenue of $342K, expenses of $446K, and assets of $519K (revenue -35.8% year-over-year).
- 2022: Revenue of $532K, expenses of $332K, and assets of $624K (revenue -12.9% year-over-year).
- 2021: Revenue of $611K, expenses of $225K, and assets of $424K (revenue +562.5% year-over-year).
- 2020: Revenue of $92K, expenses of $125K, and assets of $37K (revenue -61.2% year-over-year).
- 2019: Revenue of $238K, expenses of $226K, and assets of $70K (revenue +19.7% year-over-year).
- 2018: Revenue of $198K, expenses of $176K, and assets of $58K (revenue +82.5% year-over-year).
- 2017: Revenue of $109K, expenses of $147K, and assets of $36K (revenue -45.6% year-over-year).
- 2016: Revenue of $200K, expenses of $181K, and assets of $74K (revenue +8.8% year-over-year).
- 2015: Revenue of $184K, expenses of $183K, and assets of $55K (revenue +5.9% year-over-year).
- 2014: Revenue of $174K, expenses of $119K, and assets of $54K (revenue +37.9% year-over-year).
- 2013: Revenue of $126K, expenses of $123K, and assets of $29K (revenue -18.2% year-over-year).
- 2012: Revenue of $154K, expenses of $4K, and assets of $19K (revenue +67.4% year-over-year).
- 2011: Revenue of $92K, expenses of $153K, and assets of $13K.
Data Sources and Methodology
This transparency report for World Class Gymnastics Parents Association 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.