Charles River Wheelers

Analysis

Charles River Wheelers is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 2005, 21 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, Charles River Wheelers reported income of $62k and spending of $60k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $62k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charles River Wheelers sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Peters Township Girls Softball Association ($62k), West Linn HS Substance Free Grad Party ($62k) and Bingham High School Lacrosse League Inc ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 44% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.