Velodrome Fund

Analysis

Velodrome Fund is a registered charity in United States, based in Breinigsville, PA. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, Velodrome Fund reported income of $656k and spending of $934k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $674k to $656k (-2.5%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Velodrome Fund 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 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include McLean Youth Athletics Inc ($656k), Mgba Incorporated ($657k) and Parents for Carpenter Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 32% of the total. Other salaries and wages came to $229k. At year end it held assets of $1.5m against liabilities of $86k, net assets of $1.4m. It reported 12 employees.