Bikes Blues & Barbeque Inc

Analysis

Bikes Blues & Barbeque Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2022, Bikes Blues & Barbeque Inc reported income of $406k and spending of $344k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $68k to $406k (+501%), an average of +82% a year. The sharpest change came in the year to December 2020, when income dropped by 249%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bikes Blues & Barbeque Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within AR. Charities of a similar size with the same main cause include Hilton Head Heroes Inc ($406k), Charities Review Council of Minnesota Inc ($406k) and Brigance Brigade Foundation Inc ($406k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $34k (9.9% of expenses). Other salaries and wages came to $56k. At year end it held assets of $97k against liabilities of $180k, net assets of -$83k. It reported 2 employees.