Veteran Boxers Association of New York Inc

Analysis

Veteran Boxers Association of New York Inc is a registered charity in United States, based in Westtown, NY. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veteran Boxers Association of New York Inc reported income of $54k and spending of $91k, spending 169% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $54k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Veteran Boxers Association of New York Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Brush Hill Development Corp ($54k), Seneca Falls Rotary Service Foundation Inc ($54k) and Society of St Vincent de Paul St Mary Conference ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.