Fire in the Ring Boxing Inc

Analysis

Fire in the Ring Boxing Inc is a registered charity in United States, based in Daly City, CA. It received its IRS tax-exemption ruling in February 2015, 11 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, Fire in the Ring Boxing Inc reported income of $290k and spending of $275k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $220k to $290k (+32%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 24%. 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, Fire in the Ring Boxing Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Anacortes Small Boat Center ($289k), Organization of Adirondack Rowers and Scullers Inc ($290k) and Mars Baseball Association ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $63k (23% of expenses). At year end it held assets of $21k against liabilities of $0, net assets of $21k.