Victory Boxing Club

Analysis

Victory Boxing Club is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Victory Boxing Club reported income of $116k and spending of $147k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $116k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Victory Boxing Club sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NE. Charities of a similar size with the same main cause include Stevens Point Youth Baseball Association Inc ($116k), West Salem Rod & Gun ($116k) and Greenwood Youth Soccer Organization Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $166k against liabilities of $59, net assets of $166k.