Cola Town Bicycle Co-Op Foundation

Analysis

Cola Town Bicycle Co-Op Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cola Town Bicycle Co-Op Foundation reported income of $73k and spending of $119k, spending 163% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $73k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 92% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cola Town Bicycle Co-Op Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 35th percentile within SC. Charities of a similar size with the same main cause include Little League Baseball Inc ($73k), Auburn Ski Club Associates Inc ($73k) and Cambridge-Isanti Grand Slammers ($73k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $174k against liabilities of $99k, net assets of $75k.