Ironbound Boxing & Education

Analysis

Ironbound Boxing & Education is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in March 2019, 7 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, Ironbound Boxing & Education reported income of $291k and spending of $110k, leaving 62% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $291k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 51% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ironbound Boxing & Education sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Medfield Youth Soccer ($291k), Incline Sports Corporation ($292k) and Longmont Baseball League Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $307k against liabilities of $0, net assets of $307k.