Velo Kids LLC

Analysis

Velo Kids LLC is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in December 2022, 4 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, Velo Kids LLC reported income of $158k and spending of $149k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $158k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Velo Kids LLC sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include His Haven Ranch Company ($158k), Alabama Amateur Softball Association Inc ($158k) and Club Frontenac Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 37% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.