Chico Velo Cycling Club

Analysis

Chico Velo Cycling Club is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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 June 2024, Chico Velo Cycling Club reported income of $376k and spending of $810k, spending 215% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $90k to $376k (+319%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 377%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chico Velo Cycling Club sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Institute of Transportation Engineers Educational Foundation ($376k), R2ise Inc ($376k) and American Real Estate Society ($376k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 52% of the total. Other salaries and wages came to $90k. At year end it held assets of $769k against liabilities of $2,769, net assets of $766k. It reported 19 employees.