Freewheelers Cycling Association

Analysis

Freewheelers Cycling Association is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in March 2015, 11 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, Freewheelers Cycling Association reported income of $230k and spending of $180k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $230k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income rose by 263%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Freewheelers Cycling Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include Clemson Area Soccer Club Inc ($230k), Alum Rock Youth Soccer League ($230k) and Tewksbury Girls Softball Incorporated ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $89k against liabilities of $5,555, net assets of $84k.