S2c Cycling Team

Analysis

S2c Cycling Team is a registered charity in United States, based in Murrieta, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, S2c Cycling Team reported income of $71k and spending of $75k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $71k (-0.7%), an average of -0.7% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, S2c Cycling Team sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Humble Bicentennial Museum Inc ($71k), Hirsh Family Foundation ($71k) and Soap Lake Food Bank ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $4,037 against liabilities of $0, net assets of $4,037.