Human Services : Multipurpose Human Service OrganizationsCN Advisory: High Concern
On December 6, 2018, ESPN reported on the bankruptcy of USA Gymnastics in an article titled, "USA Gymnastics files for bankruptcy as part of 'reorganization." For this reason, we have issued a High Concern CN Advisory on USA Gymnastics. For more information regarding the charges reported, please see the ESPN article.
On April 30, 2019, ESPN published an article titled, "Suit aims to protect claims of abused gymnasts." For more information, please see the ESPN article.
On January 30, 2020, Reuters published an article titled, "USA Gymnastics files plan to emerge from bankruptcy." For more information, please see the Reuters article.
On May 19, 2020, Bloomberg Law published an article titled, "USA Gymnastics Sues for Access to Small Business Virus Aid." For more information, please see the Bloomberg Law article.
On September 13, 2019, it came to the attention of Charity Navigator that USA Gymnastics is the subject of an investigation by The U.S. Department of Justice according to an article titled, "Olympic organizations face multiple investigations by Justice Department, state attorneys general." For this reason, we have issued a Moderate Concern CN Advisory. For more information regarding the charges reported, please see The Washington Post article.
The concerns raised about illegal activity, improper conduct, or organizational mismanagement are serious both in nature and scope and have thus warranted this CN Advisory. We have published this advisory to provide donors with content that they may find useful when making their giving decisions. The views and opinions expressed here are those of the authors of sources used for the reported information, and not those of Charity Navigator. Charity Navigator is not responsible for the nature or content of the information presented through such external sources and websites. For more information on how or when we decide to publish a CN Advisory, please review our methodology.
The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).
|Name in IRS Master File||USA GYMNASTICS|
|NTEE Classification||Amateur Sports Competitions|
|NTEE Type||Recreation, Sports, Leisure, Athletics|
|Subsection||501(c)(3) (View the list of codes)|
|Activities||(149) Other instruction and training
(995) Described in section 509(a)(2) of the Code
|Foundation Status||Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)|
|Deductibility||Contributions are deductible|
|Affiliation||Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).|
|Group Name||[Not Applicable]|
|Ruling Date||December, 1982|
|Filing Requirement||990 (all other) or 990EZ return|
|Fiscal Year End||December|
|IRS Forms 990
(provided courtesy of Foundation Center)
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