Braking Cycles

Analysis

Braking Cycles is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Braking Cycles reported income of $981k and spending of $1.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $846k to $981k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Braking Cycles sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OR. Charities of a similar size with the same main cause include Adventist Housing Corporation ($981k), Brain Injury Association of Va Inc ($981k) and Community Safety Network ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $83k (8.1% of expenses). Other salaries and wages came to $377k. At year end it held assets of $825k against liabilities of $554, net assets of $825k. It reported 60 employees.