Norte Youth Cycling

Analysis

Norte Youth Cycling is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Norte Youth Cycling reported income of $659k and spending of $710k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $659k (+53%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 101% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Norte Youth Cycling sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Seeds 4 Success Inc ($659k), Child Evangelism Fellowship Inc ($659k) and Tom Tod Ideas Inc ($659k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Other salaries and wages came to $462k. At year end it held assets of $211k against liabilities of $21k, net assets of $190k. It reported 70 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.