Tricycle Foundation Inc

Analysis

Tricycle Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Tricycle Foundation Inc reported income of $3.1m and spending of $3.1m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $3.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Tricycle Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Words Alive ($3.1m), Eagle Market Streets Development ($3.1m) and Bishop Museum of Science and Nature Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $246k (7.9% of expenses). Other salaries and wages came to $901k. At year end it held assets of $2.7m against liabilities of $1.4m, net assets of $1.3m. It reported 20 employees.