St Cloud Area Golden Gloves Inc

Analysis

St Cloud Area Golden Gloves Inc is a registered charity in United States, based in Saint Cloud, MN. It received its IRS tax-exemption ruling in December 1991, 35 years ago. 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, St Cloud Area Golden Gloves Inc reported income of $94k and spending of $91k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $94k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 9069%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Cloud Area Golden Gloves Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within MN. Charities of a similar size with the same main cause include Buhl Public School Foundation Inc ($94k), Western Literature Association ($94k) and Little League Baseball Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 16% of the total. At year end it held assets of $188k against liabilities of $9,596, net assets of $179k. It reported 14 employees.