Tricycle Foundation Inc
Tricycle Foundation Inc. shows consistent revenue growth and no reported officer compensation over the past decade.
EIN: 133589889 · New York, NY · NTEE: A76Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3,099,967 |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Tricycle Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tricycle Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tricycle Foundation Inc
Tricycle Foundation Inc (EIN: 133589889) is a nonprofit organization based in New York, NY, classified under NTEE code A76Z. The organization reported total revenue of $3.5M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tricycle Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tricycle Foundation Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-5,061 |
| Total Assets | $2.7M |
| Total Liabilities | $1.4M |
| Net Assets | $1.3M |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 51.7% |
| Months of Reserves | 10.5 months |
Financial Health Grade: C
In 2023, Tricycle Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 51.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tricycle Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.9% | +8.9% | +14.4% |
| 2022 | +8.0% | +8.7% | +23.6% |
| 2021 | +4.2% | +8.3% | +24.0% |
| 2020 | +30.8% | +9.7% | +62.5% |
| 2019 | +3.9% | +9.0% | +19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tricycle Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Tricycle Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.7%.
Executive Compensation Analysis
Tricycle Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size (latest revenue $3,099,967). This suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Tricycle Foundation Inc:
- Consistent revenue growth over the past decade, from $1.47M in 2014 to $3.10M in 2023.
- Zero reported officer compensation across all available filings, indicating high transparency and dedication of funds to mission.
- Significant growth in assets, from $186,742 in 2014 to $2,710,343 in 2023, improving financial stability.
- Generally controlled expenses, closely tracking revenue, demonstrating efficient resource management.
Frequently Asked Questions about Tricycle Foundation Inc
Is Tricycle Foundation Inc a legitimate charity?
Tricycle Foundation Inc (EIN: 133589889) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.5M. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Tricycle Foundation Inc spend its money?
Tricycle Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tricycle Foundation Inc tax-deductible?
Tricycle Foundation Inc is registered as a tax-exempt nonprofit (EIN: 133589889). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tricycle Foundation Inc CEO make?
Tricycle Foundation Inc's highest-compensated officer earns $3,099,967 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tricycle Foundation Inc's spending goes to programs?
Tricycle Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tricycle Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Tricycle Foundation Inc is above average for NTEE category A76Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tricycle Foundation Inc located?
Tricycle Foundation Inc is headquartered in New York, New York and files with the IRS under EIN 133589889. It is classified under NTEE code A76Z.
How many years of IRS 990 filings does Tricycle Foundation Inc have?
Tricycle Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
How does Tricycle Foundation Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based, or that executive functions are performed by staff whose salaries are categorized differently (e.g., program or administrative staff), rather than as 'officer compensation' on the 990.
What is the trend in the organization's net assets?
Tricycle Foundation Inc.'s net assets have shown strong growth, increasing from a negative position in earlier years (e.g., $186,742 assets vs. $551,500 liabilities in 2014) to a positive and growing balance, reaching $1,308,205 ($2,710,343 assets - $1,402,138 liabilities) in 2023, indicating improved financial stability.
Is the organization financially sustainable given its near break-even operations?
While the organization often operates near break-even, as seen in 2023 where expenses slightly exceeded revenue, its consistent revenue growth and increasing asset base suggest financial sustainability. The strategy appears to be one of reinvesting income rather than accumulating large reserves, supported by a growing asset base that can absorb minor fluctuations.
Filing History
IRS 990 filing history for Tricycle Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tricycle Foundation Inc's revenue has grown by 253.2%, moving from $878K to $3.1M. Total assets increased by 1499.7% over the same period, from $169K to $2.7M. Total functional expenses rose by 187%, from $1.1M to $3.1M. In its most recent filing year (2023), Tricycle Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $2.7M in assets (debt-to-asset ratio: 51.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.1M | $2.7M | $1.4M | — | View 990 |
| 2022 | $3.2M | $2.9M | $2.4M | $1.1M | — | View 990 |
| 2021 | $3.0M | $2.6M | $1.9M | $1.0M | — | View 990 |
| 2020 | $2.9M | $2.4M | $1.5M | $994K | — | View 990 |
| 2019 | $2.2M | $2.2M | $951K | $842K | — | View 990 |
| 2018 | $2.1M | $2.0M | $799K | $673K | — | View 990 |
| 2017 | $2.1M | $1.8M | $650K | $607K | — | View 990 |
| 2016 | $1.6M | $1.5M | $384K | $615K | — | View 990 |
| 2015 | $1.6M | $1.5M | $300K | $609K | — | View 990 |
| 2014 | $1.5M | $1.4M | $187K | $552K | — | View 990 |
| 2013 | $1.6M | $1.4M | $135K | $540K | — | View 990 |
| 2012 | $784K | $798K | $136K | $735K | — | View 990 |
| 2011 | $878K | $1.1M | $169K | $754K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.1M, and assets of $2.7M (revenue -3.9% year-over-year).
- 2022: Revenue of $3.2M, expenses of $2.9M, and assets of $2.4M (revenue +8.0% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.6M, and assets of $1.9M (revenue +4.2% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.4M, and assets of $1.5M (revenue +30.8% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.2M, and assets of $951K (revenue +3.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $2.0M, and assets of $799K (revenue +1.6% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.8M, and assets of $650K (revenue +30.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $384K (revenue +0.9% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $300K (revenue +7.2% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $187K (revenue -8.1% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.4M, and assets of $135K (revenue +104.7% year-over-year).
- 2012: Revenue of $784K, expenses of $798K, and assets of $136K (revenue -10.7% year-over-year).
- 2011: Revenue of $878K, expenses of $1.1M, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tricycle Foundation Inc:
Data Sources and Methodology
This transparency report for Tricycle Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.