Vermont Mountain Bike Advocate Inc

Analysis

Vermont Mountain Bike Advocate Inc is a registered charity in United States, based in Waterbury, VT. It received its IRS tax-exemption ruling in September 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vermont Mountain Bike Advocate Inc reported income of $934k and spending of $1.1m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $679k to $934k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Vermont Mountain Bike Advocate Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within VT. Charities of a similar size with the same main cause include Treasure Coast Sports Commission Inc ($934k), Golf Fore Fun Inc ($934k) and Rose City Rollers ($933k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $103k (9.8% of expenses). Other salaries and wages came to $192k. At year end it held assets of $233k against liabilities of $1,909, net assets of $231k. It reported 5 employees.