Pedal the Pacific

Analysis

Pedal the Pacific is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Pedal the Pacific reported income of $245k and spending of $243k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $264k to $245k (-7.4%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 91% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Pedal the Pacific sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within TX. Charities of a similar size with the same main cause include In the Streets ($245k), Two Lifestyle ($245k) and Long Beach Latino Civic Association Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $68k (28% of expenses). At year end it held assets of $82k against liabilities of $13k, net assets of $69k.