Bikes for Kids Foundation

Analysis

Bikes for Kids Foundation is a registered charity in United States, based in Poway, CA. It received its IRS tax-exemption ruling in February 2004, 22 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 (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, Bikes for Kids Foundation reported income of $704k and spending of $596k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $704k (+100%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 87% 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 for Kids Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Caring Communities Foundation ($704k), United Way of Mesa County Inc ($706k) and Agm Community Partners ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $23k (3.9% of expenses). At year end it held assets of $369k against liabilities of $4,722, net assets of $365k. It reported 1 employees.