Pedaling Minds Inc

Analysis

Pedaling Minds Inc is a registered charity in United States, based in Louisville, CO. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Pedaling Minds Inc reported income of $71k and spending of $144k, spending 204% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $169k to $71k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pedaling Minds Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 24th percentile within CO. Charities of a similar size with the same main cause include Versailles Music Boosters ($71k), Gentry Band Boosters ($71k) and Aragon High School Music Boosters ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $103k against liabilities of $15k, net assets of $88k.