Golden Gloves Association of America Inc

Analysis

Golden Gloves Association of America Inc is a registered charity in United States, based in Herriman, UT. It received its IRS tax-exemption ruling in November 2000, 26 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 2023, Golden Gloves Association of America Inc reported income of $126k and spending of $142k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $126k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Golden Gloves Association of America Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within UT. Charities of a similar size with the same main cause include New Lenox Mustangs Junior Youth Football ($126k), United States Bowling Congress Inc ($126k) and Madison Torske Klubben Foundationinc ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 11% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.