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MADISON BOXING GYM INC

PHOENIX, AZ · EIN 813903130 · Form 990EZ · FY2022 · NTEE N40 · Recreation & Sports · Micro (<$100K) · www.madisonboxinggym-az.com
revenue
$47K
expenses
$46K
net assets
$11K
employees
—
mission · from form 990

Combating against drugs and gangs by providing a gym boxing lessons for kids with the goal of them boxing in the olympics and learning to work together as a team.

profile · synthesized from sources

Madison Boxing Gym in Phoenix, Arizona provides professional boxing training to youth and aspiring fighters, emphasizing discipline and community development. Founded by Coach Ricky Ricardo, the gym has trained Olympic and world champions while promoting boxing as an alternative to gang and drug involvement. The organization focuses on youth development through structured training and mentorship.

named programs · 2 · from sources

what they call their work

Junior Olympics Program
Youth boxing initiative that prepares young athletes for competition, supported by donations of gear and travel funding from professional fighters
Professional Boxing Training
Comprehensive training program for amateur and professional boxers, led by Coach Ricky Ricardo, aimed at developing champions and Olympic-level competitors
activities · 2 clusters

what they do

  • Charity Sports & Recreation Tournaments 1 activity
    • Supporting youth and community initiatives through athlete contributions
      Facilitates community support efforts by prominent boxers associated with the gym, including Mike Tyson’s purchase of turkeys and Christmas presents for children and Floyd Mayweather’s provision of apparel and funding for Junior Olympics trips to Las Vegas.
  • Competitive Martial Arts & Strength Sports Events 1 activity
    • Training professional and Olympic-level boxers
      Provides long-term boxing training to elite athletes, including Olympic medalists, world champions, and professional fighters preparing for major bouts. The gym has supported athletes such as Oscar De La Hoya ahead of the 1992 Olympics, Floyd Mayweather before his 1998 fight with Diego Corrales, and Kingsley Ibeh, currently ranked sixth in the U.S. heavyweight division with a scheduled fight at Madison Square Garden in 2026.
financials · form 990EZ · fy2022

the money

revenue
Total revenue$47K
Contributions & grants$00%
Program service revenue$00%
Investment income$00%
Other revenue—
expenses
Total expenses$46K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits—
Grants paid out—
balance sheet
Total assets$11K
Cash—
Investments—
Liabilities—
Net assets$11K
3 years on record · 2020–2022 · YoY revenue -18.8%