Out Cycling Inc

Analysis

Out Cycling Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Out Cycling Inc reported income of $61k and spending of $48k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $61k (+6.3%), an average of +6.3% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Out Cycling Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Compassion Syndicate ($61k), Grand Forks Girls Fastpitch Association ($61k) and Booker T Washington Revitalization Corporation ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 43% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.