Memphis Hightailers Bicycle Club

Analysis

Memphis Hightailers Bicycle Club is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2024, 2 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, Memphis Hightailers Bicycle Club reported income of $92k and spending of $97k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $92k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Memphis Hightailers Bicycle Club sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Berwick Senior Citizens Inc ($92k), San Diego Youth Lacrosse Association ($92k) and Big Tree Boating Association ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $19k against liabilities of $2,431, net assets of $16k.