Joe Hand Boxing Gym

Analysis

Joe Hand Boxing Gym is a registered charity in United States, based in Feasterville, PA. It received its IRS tax-exemption ruling in December 1996, 30 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, Joe Hand Boxing Gym reported income of $168k and spending of $176k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $142k to $168k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 122% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Joe Hand Boxing Gym sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Poway Dance Booster Club ($168k), Triangle Pool Inc ($168k) and Greater El Paso Football Showcase Inc ($168k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 2.1% of the total. At year end it held assets of $66k against liabilities of $77k, net assets of -$11k.