Shenandoah Fall Foliage Bike Festival

Analysis

Shenandoah Fall Foliage Bike Festival is a registered charity in United States, based in Staunton, VA. It received its IRS tax-exemption ruling in November 2014, 12 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, Shenandoah Fall Foliage Bike Festival reported income of $63k and spending of $59k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $63k (+12%), an average of +12% a year. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shenandoah Fall Foliage Bike Festival sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within VA. Charities of a similar size with the same main cause include Fairfax High School Crew Booster Club ($63k), Ahi Swim Team of American Canyon ($63k) and Tekmasters Swim Club ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.