Bike to the Sea Inc

Analysis

Bike to the Sea Inc is a registered charity in United States, based in Malden, MA. It received its IRS tax-exemption ruling in September 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, Bike to the Sea Inc reported income of $144k and spending of $138k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $26k to $144k (+465%), an average of +138% a year. The sharpest change came in the year to December 2022, when income rose by 237%. Over the whole period it spent 73% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bike to the Sea Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Owensboro Daviess County Youth Football Inc ($144k), Plumstead Baseball Association ($144k) and Texas Alliance of Christian Athletics ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $92k against liabilities of $288, net assets of $92k.