Boxing Out Negativity Inc

Analysis

Boxing Out Negativity Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Boxing Out Negativity Inc reported income of $936k and spending of $936k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $406k to $936k (+131%), an average of +52% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Boxing Out Negativity Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Boys & Girls Clubs of Champion Valley ($934k), Angelina County Fair Foundation ($937k) and Boys & Girls Clubs of the Blue Ridge Inc ($933k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $56k (6.0% of expenses). Other salaries and wages came to $587k. At year end it held assets of $398k against liabilities of $13k, net assets of $385k. It reported 26 employees.