Charter Oak Amateur Boxing Academy
EIN: 61310059 · Hartford, CT · NTEE: N01
| Metric | Value |
|---|---|
| Total Revenue | $455K |
| Total Expenses | $279K |
| Net Assets | $236K |
Is Charter Oak Amateur Boxing Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charter Oak Amateur Boxing Academy
Charter Oak Amateur Boxing Academy (EIN: 61310059) is a nonprofit organization based in Hartford, CT, classified under NTEE code N01. The organization reported total revenue of $455K and total assets of $471K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charter Oak Amateur Boxing Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charter Oak Amateur Boxing Academy is a small nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 18.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $254K |
| Total Expenses | $279K |
| Surplus / Deficit | $-24,782 |
| Total Assets | $418K |
| Total Liabilities | $182K |
| Net Assets | $236K |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 43.5% |
| Months of Reserves | 18.0 months |
Financial Health Grade: B
In 2023, Charter Oak Amateur Boxing Academy reported a deficit of $25K with expenses exceeding revenue, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 43.5% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Charter Oak Amateur Boxing Academy's revenue has grown at a compound annual growth rate (CAGR) of 18.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +23.6% | -5.6% |
| 2022 | +28.8% | +60.3% | +13.7% |
| 2021 | +40.6% | +14.8% | +8.8% |
| 2020 | -9.0% | -10.8% | +-0.0% |
| 2019 | +18.7% | +17.2% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charter Oak Amateur Boxing Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charter Oak Amateur Boxing Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 43.5%.
Frequently Asked Questions about Charter Oak Amateur Boxing Academy
Is Charter Oak Amateur Boxing Academy a legitimate charity?
Charter Oak Amateur Boxing Academy (EIN: 61310059) is a registered tax-exempt nonprofit based in Connecticut. It has 9 years of IRS 990 filings on record. Total revenue: $455K. No red flags identified. Financial health grade: B.
How does Charter Oak Amateur Boxing Academy spend its money?
Charter Oak Amateur Boxing Academy reported $455K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charter Oak Amateur Boxing Academy tax-deductible?
Charter Oak Amateur Boxing Academy is registered as a tax-exempt nonprofit (EIN: 61310059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charter Oak Amateur Boxing Academy located?
Charter Oak Amateur Boxing Academy is headquartered in Hartford, Connecticut and files with the IRS under EIN 61310059. It is classified under NTEE code N01.
How many years of IRS 990 filings does Charter Oak Amateur Boxing Academy have?
Charter Oak Amateur Boxing Academy has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $455K in total revenue.
Filing History
IRS 990 filing history for Charter Oak Amateur Boxing Academy showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Charter Oak Amateur Boxing Academy's revenue has grown by 298%, moving from $64K to $254K. Total assets increased by 152.5% over the same period, from $166K to $418K. Total functional expenses rose by 1256.4%, from $21K to $279K. In its most recent filing year (2023), Charter Oak Amateur Boxing Academy reported a deficit of $25K, with expenses exceeding revenue. The organization holds $182K in liabilities against $418K in assets (debt-to-asset ratio: 43.5%), resulting in net assets of $236K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $254K | $279K | $418K | $182K | — | View 990 |
| 2022 | $222K | $226K | $443K | $182K | — | View 990 |
| 2021 | $172K | $141K | $390K | $125K | — | View 990 |
| 2020 | $123K | $123K | $358K | $125K | — | — |
| 2019 | $135K | $138K | $358K | $125K | — | View 990 |
| 2018 | $114K | $117K | $361K | $125K | — | View 990 |
| 2017 | $99K | $47K | $365K | $125K | — | View 990 |
| 2016 | $181K | $34K | $313K | $125K | — | View 990 |
| 2015 | $64K | $21K | $166K | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $254K, expenses of $279K, and assets of $418K (revenue +14.5% year-over-year).
- 2022: Revenue of $222K, expenses of $226K, and assets of $443K (revenue +28.8% year-over-year).
- 2021: Revenue of $172K, expenses of $141K, and assets of $390K (revenue +40.6% year-over-year).
- 2020: Revenue of $123K, expenses of $123K, and assets of $358K (revenue -9.0% year-over-year).
- 2019: Revenue of $135K, expenses of $138K, and assets of $358K (revenue +18.7% year-over-year).
- 2018: Revenue of $114K, expenses of $117K, and assets of $361K (revenue +14.3% year-over-year).
- 2017: Revenue of $99K, expenses of $47K, and assets of $365K (revenue -45.2% year-over-year).
- 2016: Revenue of $181K, expenses of $34K, and assets of $313K (revenue +183.8% year-over-year).
- 2015: Revenue of $64K, expenses of $21K, and assets of $166K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charter Oak Amateur Boxing Academy:
Data Sources and Methodology
This transparency report for Charter Oak Amateur Boxing Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.