Flood City Boxing Academy Inc

Analysis

Flood City Boxing Academy Inc is a registered charity in United States, based in Johnstown, PA. It received its IRS tax-exemption ruling in September 2011, 15 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, Flood City Boxing Academy Inc reported income of $844k and spending of $1.1m, spending 125% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $844k (+223%), an average of +80% a year. The sharpest change came in the year to December 2022, when income rose by 281%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Flood City Boxing Academy Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Eastchester Soccer Club Inc ($844k), Rose City Rowing Club ($845k) and Wmysa Tko Soccer Club ($843k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Other salaries and wages came to $667k. At year end it held assets of $74k against liabilities of $208k, net assets of -$134k. It reported 39 employees.