Pedals for Progress a New Jersey Nonprofit Corporation

Analysis

Pedals for Progress a New Jersey Nonprofit Corporation is a registered charity in United States, based in High Bridge, NJ. It received its IRS tax-exemption ruling in February 1993, 33 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 (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, Pedals for Progress a New Jersey Nonprofit Corporation reported income of $314k and spending of $324k, spending 103% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $280k to $314k (+12%), an average of +3.9% a year. The sharpest change came in the year to September 2021, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pedals for Progress a New Jersey Nonprofit Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Camp Taloali Inc ($314k), NBC Baseball Foundation ($314k) and Spring Ford Youth Basketball ($314k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $69k (21% of expenses). Other salaries and wages came to $847. At year end it held assets of $107k against liabilities of $0, net assets of $107k. It reported 5 employees.