Cycling Development

Analysis

Cycling Development is a registered charity in United States, based in El Dorado HLS, CA. It received its IRS tax-exemption ruling in August 2012, 14 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 June 2024, Cycling Development reported income of $67k and spending of $43k, leaving 37% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $113k to $67k (-40%), an average of -40% a year. The sharpest change came in the year to June 2024, when income dropped by 40%. 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, Cycling Development sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Turlock Aquatic Club ($67k), Wabash County Youth Exhibition ($68k) and Sudbury Girls Softball League Inc ($67k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 78% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.