Kings Boxing Gym Inc

Analysis

Kings Boxing Gym Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in February 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, Kings Boxing Gym Inc reported income of $94k and spending of $71k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $94k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. 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, Kings Boxing Gym Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Andover Girls High School Hockey Booster Club ($94k), Central Academy Youth Soccer Association ($94k) and Azusa Junior All American Football Corp ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 121% of the total. At year end it held assets of $392k against liabilities of $286k, net assets of $106k.