Intandem Cycling Inc

Analysis

Intandem Cycling Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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, Intandem Cycling Inc reported income of $250k and spending of $241k, spending 97% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $181k to $250k (+38%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Intandem Cycling Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Pacifica United Soccer Club Inc ($249k), KB Fastpitch ($250k) and Greenville Lions Project Vision Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Other salaries and wages came to $79k. At year end it held assets of $13k against liabilities of $52k, net assets of -$39k. It reported 3 employees.