Aevolo Cycling Inc

Analysis

Aevolo Cycling Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2021, Aevolo Cycling Inc reported income of $485k and spending of $538k, spending 111% of what it took in. Across the 3 years on record, from October 2019 to October 2021, income fell from $586k to $485k (-17%), an average of -9.0% a year. The sharpest change came in the year to October 2020, when income dropped by 30%. 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, Aevolo Cycling 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 66th percentile within NY. Charities of a similar size with the same main cause include Katy Youth Basketball Inc ($485k), Champlain Valley Educator Development Center Inc ($486k) and Aberdeen Amateur Hockey Association ($485k).

On its Form 990 for the period ending October 2021, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $65k (12% of expenses). Other salaries and wages came to $43k. At year end it held assets of $92k against liabilities of $52k, net assets of $40k. It reported 2 employees.