Indiana Golden Gloves Inc

Analysis

Indiana Golden Gloves Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 1976, 50 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 August 2024, Indiana Golden Gloves Inc reported income of $138k and spending of $109k, leaving 21% of income unspent that year. Across the 2 years on record, from August 2023 to August 2024, income grew from $127k to $138k (+8.7%), an average of +8.7% a year. Over the whole period it spent 76% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Indiana Golden Gloves Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within IN. Charities of a similar size with the same main cause include Dana Point Outrigger Canoe Club ($138k), Community Booster Club of Cold Spring Minnesota ($138k) and Little League Baseball Inc ($138k).

On its Form 990-EZ for the period ending August 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $195k against liabilities of $0, net assets of $195k.