Umar Boxing Program Inc

Analysis

Umar Boxing Program Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1999, 27 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, Umar Boxing Program Inc reported income of $104k and spending of $118k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $104k (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Umar Boxing Program Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Wai-Kahala Athletic Club ($104k), Northwest Swim Circuit ($104k) and Colorado Bighorns 2029 Corp ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $24k (20% of expenses). At year end it held assets of $100k against liabilities of $2,300, net assets of $98k. It reported 7 employees.