Rock Steady Boxing Inc

Analysis

Rock Steady Boxing Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Rock Steady Boxing Inc reported income of $1.5m and spending of $1.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.5m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rock Steady Boxing Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Hunter Classical Christian School ($1.5m), Elyria Christian School Inc ($1.5m) and Rosslyn Childrens Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $160k (9.5% of expenses). Other salaries and wages came to $652k. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $645k. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.