Colorado Golden Gloves Charities Inc

Analysis

Colorado Golden Gloves Charities Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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, Colorado Golden Gloves Charities Inc reported income of $79k and spending of $121k, spending 154% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $74k to $79k (+5.6%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Golden Gloves Charities Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 27th percentile within CO. Charities of a similar size with the same main cause include Life Ministries Inc ($79k), PTA California Congress of Parents Teachers & Students Inc ($79k) and Wheatley Scholarship Fund Inc ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. At year end it held assets of $1 against liabilities of $43k, net assets of -$43k.