USA Boxing Inc

Analysis

USA Boxing Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in November 1983, 43 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 2021, USA Boxing Inc reported income of $6.1m and spending of $5.6m, spending 92% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $5.6m to $6.1m (+8.2%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Boxing Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Bobby Jones Golf Course Foundation Inc ($6.1m), FC Greater Boston Bolts Inc ($6.1m) and Oglebay Foundation Inc ($6.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $335k (6.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $2.2m, net assets of $1.1m. It reported 23 employees.