Tri-City BMX Inc

Analysis

Tri-City BMX Inc is a registered charity in United States, based in Ballston Spa, NY. It received its IRS tax-exemption ruling in June 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, Tri-City BMX Inc reported income of $68k and spending of $54k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $68k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Tri-City BMX Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Warminster Pioneers ($68k), Jefferson Quarterback Club ($68k) and Pegasus Voyages ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 1.6% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.