Chicago Youth Boxing Club Inc

Analysis

Chicago Youth Boxing Club Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2006, 20 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, Chicago Youth Boxing Club Inc reported income of $495k and spending of $576k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $495k (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Chicago Youth Boxing Club Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Camp Daniel Inc ($495k), Ohio Elite Baseball Inc ($495k) and The Rec Center Ltd ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $68k (12% of expenses). Other salaries and wages came to $271k. At year end it held assets of $212k against liabilities of $13k, net assets of $199k. It reported 16 employees.