GAMA’s net (which for a non-profit is not “profit,” but “revenues less expenses”) for 2024 was down sharply from 2023, even as revenues remained near all-time highs, according to the tabletop game trade organization’s IRS 990 filings as provided to ICv2 and retrieved via publicly available records.
In 2024, GAMA netted $18,000 on revenues of $1,403,000 after a gangbuster year in 2023, when the organization netted $409,000 on revenues of $1,493,000 (all numbers rounded to the nearest $1000). The big change was in salaries and other compensation, which jumped from $782,000 to $959,000 between 2023 and 2024.
GAMA had net assets after liabilities of $1.15 million at the end of 2024, a healthy nest egg against future setbacks of the scale it experienced during the pandemic.
The 2023 and 2024 revenues were all-time highs after a big Covid hit to the organization’s events, which cut revenues from $939,000 in 2019 (already declining from $1,153,000 in 2018) to just $424,000 in 2020, and $802,000 in 2021 and 849,000 in 2022.
GAMA had problems with maintaining accurate financials during Covid, with numbers changing between those reported to membership and the tax filings (see “GAMA Showed Profits”), and an amended return filed for 2021.
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