Jack Costello Boxing Club

Analysis

Jack Costello Boxing Club is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jack Costello Boxing Club reported income of $245k and spending of $154k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $245k (+302%), an average of +302% a year. The sharpest change came in the year to December 2023, when income rose by 302%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jack Costello Boxing Club sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Sarasota County Youth Baseball Inc ($245k), Cheshire County Shooting Sports Education Foundation ($245k) and BG HW Hockey Club ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 19% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.