Tropical Park Boxing Foundation Inc

Analysis

Tropical Park Boxing Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tropical Park Boxing Foundation Inc reported income of $83k and spending of $82k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $83k (+5.3%), an average of +5.3% a year. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tropical Park Boxing Foundation Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Heat Softball Team Inc ($83k), Sailing Foundation of Barnegat Bay Inc ($83k) and Diamond Knights Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 68% of the total. At year end it held assets of $2,151 against liabilities of $351, net assets of $1,800.