Cincinnati Cyclones Foundation

Analysis

Cincinnati Cyclones Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Cincinnati Cyclones Foundation reported income of $686k and spending of $473k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $123k to $686k (+457%), an average of +54% a year. The sharpest change came in the year to June 2021, when income rose by 172%. Over the whole period it spent 66% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cincinnati Cyclones Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include TD Club Foundation ($686k), Pearland Aquatics Inc ($687k) and Project Ricochet Inc ($685k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 16% of the total. Other salaries and wages came to $24k. At year end it held assets of $914k against liabilities of $85k, net assets of $829k.