Community Cycles of California Inc

Analysis

Community Cycles of California Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Community Cycles of California Inc reported income of $269k and spending of $242k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $232k to $269k (+16%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Cycles of California Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Huntingdon County Business & Industry Inc ($269k), Renewing Homes of Greater Augusta ($269k) and Pennsylvania State Association of County Fairs ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $96k (40% of expenses). Other salaries and wages came to $14k. At year end it held assets of $108k against liabilities of $77k, net assets of $31k.