Reno Bike Project Inc

Analysis

Reno Bike Project Inc is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in June 2008, 18 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, Reno Bike Project Inc reported income of $743k and spending of $639k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $743k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 63% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Reno Bike Project Inc 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 78th percentile within NV. Charities of a similar size with the same main cause include Future Soccer Academy ($743k), Cascades Park Foundation ($743k) and Lincoln Youth Soccer ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $380k. At year end it held assets of $1.9m against liabilities of $4,975, net assets of $1.9m. It reported 26 employees.