Bike New York Inc

Analysis

Bike New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2010, 16 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 2021, Bike New York Inc reported income of $4.3m and spending of $4.8m, spending 112% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $6.5m to $4.3m (-33%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 111% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bike New York Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Chantilly Youth Association Inc ($4.3m), Crossroads for Kids Inc ($4.3m) and South Carolina Charities Inc ($4.3m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 45% and program service revenue 53% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $3.5m against liabilities of $1.8m, net assets of $1.7m. It reported 78 employees.