Iowa City Coralville Boxing Club

Analysis

Iowa City Coralville Boxing Club is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in June 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 2022, Iowa City Coralville Boxing Club reported income of $54k and spending of $51k, spending 95% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $20k to $54k (+175%), an average of +175% a year. The sharpest change came in the year to December 2022, when income rose by 175%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iowa City Coralville Boxing Club sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include Warwick Youth Lacrosse Club Inc ($54k), Middleton Youth Soccer Inc ($54k) and Thermopolis Cowboy Rendezvous Rodeo ($54k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $2,569 against liabilities of $0, net assets of $2,569.