Palmetto Cycling Coalition

Analysis

Palmetto Cycling Coalition is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Palmetto Cycling Coalition reported income of $96k and spending of $122k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $96k (-12%), an average of -12% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palmetto Cycling Coalition sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 41st percentile within SC. Charities of a similar size with the same main cause include Northern Plains Sustainable Agriculture Society ($96k), Bridgeville Community Food Bank ($96k) and Ahora Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $238, net assets of $22k.