Cycle Effect

Analysis

Cycle Effect is a registered charity in United States, based in Eagle, CO. It received its IRS tax-exemption ruling in September 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, Cycle Effect reported income of $1.5m and spending of $1.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $858k to $1.5m (+72%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cycle Effect sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Lindsay Pettus Greenway Inc ($1.5m), Macon Georgia Cherry Blossom Festival Inc ($1.5m) and Issaquah Swim Team Association ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $96k (5.7% of expenses). Other salaries and wages came to $745k. At year end it held assets of $648k against liabilities of $34k, net assets of $614k. It reported 68 employees.