Cynisca Cycling Inc

Analysis

Cynisca Cycling Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in May 2023, 3 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, Cynisca Cycling Inc reported income of $855k and spending of $1.6m, spending 182% of what it took in. Over the whole period it spent 182% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cynisca Cycling Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within IN. Charities of a similar size with the same main cause include Dressage at Devon ($855k), Holston Presbytery Camp and Retreat Center Inc ($855k) and Three Village Swim Club Inc ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $195k. At year end it held assets of $920k against liabilities of $1.9m, net assets of -$951k. It reported 11 employees.