Cycle 66 Inc

Analysis

Cycle 66 Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cycle 66 Inc reported income of $196k and spending of $199k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $196k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cycle 66 Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within OK. Charities of a similar size with the same main cause include The Dallas Rowing Club ($196k), Great Lowell Youth Skating Assoc Inc ($196k) and Purvis Youth Sports Inc ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.