Cascade Bicycle Club

Analysis

Cascade Bicycle Club is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2002, 24 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, Cascade Bicycle Club reported income of $5.9m and spending of $5.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $5.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cascade Bicycle Club sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include The Pittsburgh Parks Conservancy ($5.9m), International Mountain Bicycling Association ($6.0m) and American Birkebeiner Ski Foundation Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $751k (13% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.3m against liabilities of $2.8m, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.