New England Classic Charity Bike Tour Inc

Analysis

New England Classic Charity Bike Tour Inc is a registered charity in United States, based in Plymouth, MA. It received its IRS tax-exemption ruling in October 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 September 2023, New England Classic Charity Bike Tour Inc reported income of $168k and spending of $167k, spending 100% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $219k to $168k (-23%), an average of -23% a year. The sharpest change came in the year to September 2023, when income dropped by 23%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Classic Charity Bike Tour Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include The Jefferson Cary Foundation ($168k), 410 Irish Den ($168k) and American Institute of Parliamentari Ans ($168k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. At year end it held assets of $63k against liabilities of $16k, net assets of $47k.