Pedal with Pete Inc

Analysis

Pedal with Pete Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pedal with Pete Inc reported income of $52k and spending of $42k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $52k to $52k (-0.2%), an average of -0.2% a year. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pedal with Pete Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Osterville Rotary Foundation Inc ($52k), Childrens Health and Welfare Foundation Inc ($52k) and Familylinks Outreach Center ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 121% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.