USA Cycling Development Foundation

Analysis

USA Cycling Development Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 2024, 2 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, USA Cycling Development Foundation reported income of $3.9m and spending of $3.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.9m (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 110% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Cycling Development Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include High Performance STL ($3.9m), Fit Kids of America Corp ($3.9m) and Kelly S Brush Foundation ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $4.1m against liabilities of $427k, net assets of $3.7m.