Cycle Kids Inc

Analysis

Cycle Kids Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 2004, 22 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 June 2024, Cycle Kids Inc reported income of $692k and spending of $737k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $429k to $692k (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 95%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cycle Kids Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Merillon Sports Association Inc ($692k), Bogus Basin Sport Education Foundation Inc ($693k) and Police Athletics for Community Engagement ($692k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $312k (42% of expenses). Other salaries and wages came to $72k. At year end it held assets of $2.0m against liabilities of $288k, net assets of $1.7m. It reported 2 employees.