Florida Boxing Hall of Fame Inc

Analysis

Florida Boxing Hall of Fame Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in July 2009, 17 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, Florida Boxing Hall of Fame Inc reported income of $103k and spending of $84k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $103k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florida Boxing Hall of Fame Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Ballard Athletic Booster Club ($103k), Road Runners Club of America ($103k) and Carroll Merchants Baseball Club ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.