Foundation Cycling New York Inc

Analysis

Foundation Cycling New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2009, 17 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, Foundation Cycling New York Inc reported income of $96k and spending of $116k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $96k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Foundation Cycling New York Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Casper Junior Football League ($96k), Cavalry Baseball Inc ($96k) and Carmichael Girls Softball Organization Inc ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $67k against liabilities of $61k, net assets of $6,604.