Grow Cycling Foundation Corporation

Analysis

Grow Cycling Foundation Corporation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, Grow Cycling Foundation Corporation reported income of $358k and spending of $371k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $166k to $358k (+115%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 192%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grow Cycling Foundation Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Phi Alpha National Honor Society ($358k), Mid-County Community Center ($358k) and Family to Family Network ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $259k against liabilities of $0, net assets of $259k.