Community Cycles

Analysis

Community Cycles is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Community Cycles reported income of $1.1m and spending of $871k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Cycles sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Hope Plaza Inc ($1.1m), Beloved Community Incubator Inc ($1.1m) and Startingblock Madison Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $72k (8.3% of expenses). Other salaries and wages came to $256k. At year end it held assets of $3.9m against liabilities of $17k, net assets of $3.9m. It reported 31 employees.