Southside Boxing Club Inc
EIN: 562497855 · Lincoln, NE · NTEE: N60
| Metric | Value |
|---|---|
| Total Revenue | $29K |
| Total Expenses | $22K |
| Net Assets | $1K |
Is Southside Boxing Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southside Boxing Club Inc
Southside Boxing Club Inc (EIN: 562497855) is a nonprofit organization based in Lincoln, NE, classified under NTEE code N60. The organization reported total revenue of $29K and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southside Boxing Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southside Boxing Club Inc is a micro nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $22K |
| Surplus / Deficit | +$1K |
| Total Assets | $1K |
| Net Assets | $1K |
| Operating Margin | 4.9% |
| Months of Reserves | 0.6 months |
Financial Health Grade: A
In 2023, Southside Boxing Club Inc reported a surplus of $1K with revenue exceeding expenses, holds 0.6 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Southside Boxing Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.9% | -3.0% | -73.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southside Boxing Club Inc 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 Southside Boxing Club Inc 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 surplus of $1K, with revenue exceeding expenses.
Frequently Asked Questions about Southside Boxing Club Inc
Is Southside Boxing Club Inc a legitimate charity?
Southside Boxing Club Inc (EIN: 562497855) is a registered tax-exempt nonprofit based in Nebraska. It has 2 years of IRS 990 filings on record. Total revenue: $29K. No red flags identified. Financial health grade: A.
How does Southside Boxing Club Inc spend its money?
Southside Boxing Club Inc reported $29K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southside Boxing Club Inc tax-deductible?
Southside Boxing Club Inc is registered as a tax-exempt nonprofit (EIN: 562497855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southside Boxing Club Inc located?
Southside Boxing Club Inc is headquartered in Lincoln, Nebraska and files with the IRS under EIN 562497855. It is classified under NTEE code N60.
How many years of IRS 990 filings does Southside Boxing Club Inc have?
Southside Boxing Club Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $29K in total revenue.
Filing History
IRS 990 filing history for Southside Boxing Club Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Southside Boxing Club Inc's revenue has grown by 10.9%, moving from $21K to $23K. Total assets decreased by 73.5% over the same period, from $4K to $1K. Total functional expenses fell by 3%, from $22K to $22K. In its most recent filing year (2023), Southside Boxing Club Inc reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $22K | $1K | $0 | — | — |
| 2022 | $21K | $22K | $4K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southside Boxing Club Inc:
Data Sources and Methodology
This transparency report for Southside Boxing Club 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.