Elgin BMX Riders Association

Analysis

Elgin BMX Riders Association is a registered charity in United States, based in Algonquin, IL. It received its IRS tax-exemption ruling in June 2017, 9 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, Elgin BMX Riders Association reported income of $79k and spending of $67k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $79k (-3.0%), an average of -3.0% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Elgin BMX Riders Association sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Lone Oak Sharks Swim Team ($79k), Oradell Junior Basketball Inc ($79k) and Somerville Branchburg United Youth Football a NJ Nonprofit Corporatio ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.