Bicycle Coalition of Maine

Analysis

Bicycle Coalition of Maine is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1994, 32 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, Bicycle Coalition of Maine reported income of $738k and spending of $896k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $738k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 18%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bicycle Coalition of Maine sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Camp Unalayee Association ($738k), Hunterdon Hoosiers ($739k) and Northville Soccer Association ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $89k (10.0% of expenses). Other salaries and wages came to $425k. At year end it held assets of $202k against liabilities of $31k, net assets of $170k. It reported 15 employees.