Bonneville Cycling Club

Analysis

Bonneville Cycling Club is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 2011, 15 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, Bonneville Cycling Club reported income of $114k and spending of $78k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $114k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 130%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bonneville Cycling Club sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within UT. Charities of a similar size with the same main cause include Megunticook Rowing ($114k), Triumph Services Inc ($114k) and Cresskill Cougars United Soccer Club Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 2.0% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.