CT Cycling Advancement Program Inc

Analysis

CT Cycling Advancement Program Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in April 2014, 12 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, CT Cycling Advancement Program Inc reported income of $505k and spending of $484k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $638k to $505k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, CT Cycling Advancement Program Inc 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 70th percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include Mead Botanical Garden Inc ($505k), Charis Hills Inc ($505k) and Frenship Youth Baseball ($505k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 32% of the total. Other salaries and wages came to $233k. At year end it held assets of $296k against liabilities of $61, net assets of $296k. It reported 9 employees.