Dolphins Cycling Challenge Inc

Analysis

Dolphins Cycling Challenge Inc is a registered charity in United States, based in Miami Gardens, FL. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Dolphins Cycling Challenge Inc reported income of $12.3m and spending of $11.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $12.3m (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Dolphins Cycling Challenge Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Pomonok Home Services Inc ($12.3m), Communicare Services ($12.3m) and Thrive Wellness and Recovery Inc ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $268k (2.4% of expenses). Other salaries and wages came to $359k. At year end it held assets of $4.6m against liabilities of $245k, net assets of $4.4m.