Off the Ropes

Analysis

Off the Ropes is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in October 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Off the Ropes reported income of $459k and spending of $448k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $567k to $459k (-19%), an average of -10% a year. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Off the Ropes sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Horse Park of New Jersey at Stone Tavern Inc ($459k), The Warren County Fair Association ($459k) and Stanwood-Camano Community Fair ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $105k (23% of expenses). Other salaries and wages came to $132k. At year end it held assets of $722k against liabilities of $521k, net assets of $201k. It reported 9 employees.