Shifting Gears United Inc

Analysis

Shifting Gears United Inc is a registered charity in United States, based in Tequesta, FL. It received its IRS tax-exemption ruling in October 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shifting Gears United Inc reported income of $160k and spending of $214k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $160k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Shifting Gears United Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Bay Triangle Trail ($160k), Cougar Aquatics ($160k) and Imus Ranch Inc ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.