Bankhead Atlanta Boxing Academy Inc

Analysis

Bankhead Atlanta Boxing Academy Inc is a registered charity in United States, based in Rockmart, GA. It received its IRS tax-exemption ruling in May 2017, 9 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, Bankhead Atlanta Boxing Academy Inc reported income of $80k and spending of $120k, spending 150% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $250 to $80k (+31900%), an average of +1689% a year. The sharpest change came in the year to December 2022, when income rose by 5870%. Over the whole period it spent 142% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bankhead Atlanta Boxing Academy Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within GA. Charities of a similar size with the same main cause include Dooher Institute of Physics and Energy ($80k), Alaska Interior Marksmanship Committee ($80k) and Esperanza Baseball Boosters ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.