Cincinnati Golden Gloves for Youth TT

Analysis

Cincinnati Golden Gloves for Youth TT is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1990, 36 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, Cincinnati Golden Gloves for Youth TT reported income of $362k and spending of $123k, leaving 66% of income unspent that year. Across the 6 years on record, from July 2019 to December 2023, income grew from $228k to $362k (+59%), an average of +9.7% a year. The sharpest change came in the year to July 2022, when income rose by 123%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cincinnati Golden Gloves for Youth TT sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Flourish Placemaking Collective ($362k), Oakland Jr Grizzlies Hockey Club ($362k) and South Placer Heritage Foundation Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $29k (23% of expenses). Other salaries and wages came to $16k. It paid $18k in professional fundraising fees. At year end it held assets of $351k against liabilities of $29k, net assets of $323k.