New York Cycle Club Inc

Analysis

New York Cycle Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Cycle Club Inc reported income of $195k and spending of $154k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $195k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New York Cycle Club Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Roseville Area Youth Baseball ($195k), Mountain View High School Sports Boosters ($195k) and Patchogue-Medford Youth Soccer League Inc ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 50% of the total. At year end it held assets of $277k against liabilities of $879, net assets of $276k.