Babycycle Incorporated

Analysis

Babycycle Incorporated is a registered charity in United States, based in Pinellas Park, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Babycycle Incorporated reported income of $171k and spending of $157k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $97k to $171k (+75%), an average of +75% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Babycycle Incorporated sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Residential Options of Florida Inc ($171k), A Better Hope Inc ($171k) and Homeowners Impact Fund ($171k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $28k, net assets of $3,929.