Innercity Weightlifting Inc

Analysis

Innercity Weightlifting Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 2010, 16 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, Innercity Weightlifting Inc reported income of $1.9m and spending of $2.7m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.9m (-8.1%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Innercity Weightlifting Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Syracuse Northeast Community Center Inc ($1.9m), Indian National Finals Rodeo ($1.9m) and Red Slopes Soccer Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $370k (14% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $5.1m against liabilities of $731k, net assets of $4.4m. It reported 60 employees.