National Cycling Center Inc

Analysis

National Cycling Center Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in January 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 (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, National Cycling Center Inc reported income of $481k and spending of $485k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $786k to $481k (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 120% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, National Cycling Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Labette County Fair Association ($481k), Connecticut Section Pga Golf Foundation Inc ($481k) and Sioux Falls Swim Team Inc ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.

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.