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USA Gymnastics reports $264,987 net income for May period
By Sarah Lizee
Olympia, Wash., June 22 – USA Gymnastics reported a $264,987 income on $2.27 million of total revenue for the May period, according to its monthly operating reported filed Monday with the U.S. Bankruptcy Court for the Southern District of Indiana.
In comparison, USA Gymnastics reported a $1.23 million income on $2.92 million of total revenue for the April period.
The organization had $6.95 million of cash at the end of May, compared to $8.85 million at the end of April.
The Indianapolis-based gymnastics organization filed bankruptcy on Dec. 5, 2018 under Chapter 11 case number 18-09108.
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