Downtown Boxing Gym Youth Program

Analysis

Downtown Boxing Gym Youth Program is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 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 September 2023, Downtown Boxing Gym Youth Program reported income of $4.6m and spending of $3.5m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.9m to $4.6m (+60%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Downtown Boxing Gym Youth Program sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Quogue Sports Institute ($4.6m), Fair and Exposition Society of Jones County Inc ($4.6m) and Southern California Developmental Soccer League ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $260k (7.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $7.6m against liabilities of $532k, net assets of $7.1m. It reported 81 employees.