Roaring Fork Cycling Inc

Analysis

Roaring Fork Cycling Inc is a registered charity in United States, based in Basalt, CO. It received its IRS tax-exemption ruling in March 2019, 7 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, Roaring Fork Cycling Inc reported income of $130k and spending of $184k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $130k (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 43%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Roaring Fork Cycling Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Carson City Little League ($130k), CC Soccer ($130k) and South Shore Chiefs Inc ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 78% of the total. Other salaries and wages came to $114k. At year end it held assets of $76k against liabilities of $467, net assets of $76k. It reported 48 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.