Rock Steady Boxing Inc
Rock Steady Boxing Inc. shows stable operations with recent deficits and no reported officer compensation.
EIN: 205113083 · Indianapolis, IN · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $645K |
| Transparency Score | 85/100 |
Is Rock Steady Boxing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rock Steady Boxing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rock Steady Boxing Inc
Rock Steady Boxing Inc (EIN: 205113083) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B60. The organization reported total revenue of $1.8M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rock Steady Boxing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rock Steady Boxing Inc is a mid-size nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-147,490 |
| Total Assets | $1.8M |
| Total Liabilities | $1.1M |
| Net Assets | $645K |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 63.8% |
| Months of Reserves | 12.6 months |
Financial Health Grade: C
In 2023, Rock Steady Boxing Inc reported a deficit of $147K with expenses exceeding revenue, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 63.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Rock Steady Boxing Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | -5.8% | -14.1% |
| 2022 | +9.3% | +20.0% | +83.1% |
| 2021 | +7.3% | +10.7% | -10.3% |
| 2020 | -25.6% | -22.1% | -14.1% |
| 2019 | -10.6% | +15.7% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rock Steady Boxing Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Rock Steady Boxing Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $147K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with revenues consistently over $1 million, suggesting either a volunteer leadership model or compensation being reported under different categories, which warrants further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rock Steady Boxing Inc's IRS 990 filings:
- Recent trend of expenses exceeding revenue (e.g., 2023 expenses $1,691,711 vs. revenue $1,544,221)
- Significant increase in liabilities from $284,438 in 2021 to $1,136,343 in 2023
- Unusually low (0%) reported officer compensation for an organization of this size, potentially indicating incomplete reporting or an unusual operational model.
Strengths
The following positive indicators were identified for Rock Steady Boxing Inc:
- Consistent operational history with 14 filings, demonstrating longevity.
- Strong asset base ($1,781,119 in 2023) providing financial stability.
- Historical ability to generate substantial revenue, exceeding $1 million annually since 2016.
Frequently Asked Questions about Rock Steady Boxing Inc
Is Rock Steady Boxing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Rock Steady Boxing Inc (EIN: 205113083) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Rock Steady Boxing Inc spend its money?
Rock Steady Boxing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rock Steady Boxing Inc tax-deductible?
Rock Steady Boxing Inc is registered as a tax-exempt nonprofit (EIN: 205113083). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rock Steady Boxing Inc CEO make?
Rock Steady Boxing Inc's highest-compensated officer earns $1 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rock Steady Boxing Inc's spending goes to programs?
Rock Steady Boxing Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rock Steady Boxing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rock Steady Boxing Inc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rock Steady Boxing Inc located?
Rock Steady Boxing Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 205113083. It is classified under NTEE code B60.
How many years of IRS 990 filings does Rock Steady Boxing Inc have?
Rock Steady Boxing Inc has 14 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 $1.8M in total revenue.
Is Rock Steady Boxing Inc. financially sustainable given recent deficits?
While the organization has experienced deficits in 2022 and 2023 (e.g., $1,795,418 expenses vs. $1,467,372 revenue in 2022), its substantial asset base ($1,781,119 in 2023) provides a cushion. Continued deficits without revenue growth could impact long-term sustainability.
How does Rock Steady Boxing Inc. manage without officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests either a fully volunteer-led executive team or that executive services are provided by an affiliated entity or through other non-salary means, which would require deeper scrutiny of financial statements for clarity.
What is the trend in the organization's liabilities?
Liabilities have shown an increasing trend in recent years, rising from $284,438 in 2021 to $1,136,343 in 2023. This significant increase warrants investigation to understand the nature of these liabilities and their potential impact on financial health.
Filing History
IRS 990 filing history for Rock Steady Boxing Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Rock Steady Boxing Inc's revenue has grown by 688.2%, moving from $196K to $1.5M. Total assets increased by 1146.5% over the same period, from $143K to $1.8M. Total functional expenses rose by 1639.2%, from $97K to $1.7M. In its most recent filing year (2023), Rock Steady Boxing Inc reported a deficit of $147K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.8M in assets (debt-to-asset ratio: 63.8%), resulting in net assets of $645K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.7M | $1.8M | $1.1M | — | — |
| 2022 | $1.5M | $1.8M | $2.1M | $1.3M | — | — |
| 2021 | $1.3M | $1.5M | $1.1M | $284K | — | View 990 |
| 2020 | $1.3M | $1.4M | $1.3M | $264K | — | View 990 |
| 2019 | $1.7M | $1.7M | $1.5M | $378K | — | View 990 |
| 2018 | $1.9M | $1.5M | $1.4M | $104K | — | View 990 |
| 2017 | $1.4M | $1.2M | $1.0M | $61K | — | View 990 |
| 2016 | $1.2M | $1.0M | $896K | $95K | — | View 990 |
| 2015 | $675K | $549K | $629K | $49K | — | View 990 |
| 2014 | $543K | $482K | $463K | $10K | — | View 990 |
| 2013 | $315K | $369K | $394K | $2K | — | View 990 |
| 2012 | $507K | $286K | $458K | $13K | — | View 990 |
| 2011 | $219K | $197K | $127K | $1K | — | View 990 |
| 2010 | $196K | $97K | $143K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $1.8M (revenue +5.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.8M, and assets of $2.1M (revenue +9.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.5M, and assets of $1.1M (revenue +7.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $1.3M (revenue -25.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue -10.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.5M, and assets of $1.4M (revenue +36.8% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $1.0M (revenue +10.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $896K (revenue +83.6% year-over-year).
- 2015: Revenue of $675K, expenses of $549K, and assets of $629K (revenue +24.4% year-over-year).
- 2014: Revenue of $543K, expenses of $482K, and assets of $463K (revenue +72.3% year-over-year).
- 2013: Revenue of $315K, expenses of $369K, and assets of $394K (revenue -37.9% year-over-year).
- 2012: Revenue of $507K, expenses of $286K, and assets of $458K (revenue +131.8% year-over-year).
- 2011: Revenue of $219K, expenses of $197K, and assets of $127K (revenue +11.7% year-over-year).
- 2010: Revenue of $196K, expenses of $97K, and assets of $143K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rock Steady Boxing Inc:
Data Sources and Methodology
This transparency report for Rock Steady Boxing Inc 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.