Second Cycle Community Bicycle Shop

Analysis

Second Cycle Community Bicycle Shop is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in December 2013, 13 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, Second Cycle Community Bicycle Shop reported income of $511k and spending of $479k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $511k (+49%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 23%. 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, Second Cycle Community Bicycle Shop sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Texas Panhandle Youth Sports FNDTN ($511k), Naperville Diamonds Softball Association ($511k) and Rebels Softball Inc ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $36k (7.5% of expenses). Other salaries and wages came to $265k. It paid $13k in professional fundraising fees. At year end it held assets of $130k against liabilities of $35k, net assets of $95k. It reported 19 employees.