Richmond Cycling Corps

Analysis

Richmond Cycling Corps is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2001, 25 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, Richmond Cycling Corps reported income of $183k and spending of $202k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $239k to $183k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Richmond Cycling Corps sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Naba Inc ($183k), Row Georgia Inc ($183k) and Downtown BJJ ($183k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.