Schenectady Youth Boxing & Fitness Inc

Analysis

Schenectady Youth Boxing & Fitness Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Schenectady Youth Boxing & Fitness Inc reported income of $242k and spending of $228k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $226k to $242k (+7.1%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Schenectady Youth Boxing & Fitness Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include New Heights Christian School ($242k), Soul River Inc ($242k) and Annapolis Soccer Club ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $113k. At year end it held assets of $38k against liabilities of $30k, net assets of $7,957. It reported 6 employees.