Cycle Connect Inc

Analysis

Cycle Connect Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Cycle Connect Inc reported income of $533k and spending of $777k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $542k to $533k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2020, when income rose by 121%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cycle Connect Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Global Water Center ($533k), Hope Health Action Inc ($533k) and Children International Communityorganization ($532k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (1.7% of expenses). Other salaries and wages came to $462. At year end it held assets of $279k against liabilities of $330k, net assets of -$51k. It reported 2 employees.