Georgia Bikes Inc

Analysis

Georgia Bikes Inc is a registered charity in United States, based in Athens, GA. It received its IRS tax-exemption ruling in December 2005, 21 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, Georgia Bikes Inc reported income of $472k and spending of $351k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $220k to $472k (+114%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 77% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Georgia Bikes Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include South Shore Seahawks Inc ($471k), Csra Junior Olympic Volleyball Club ($472k) and Gig Harbor Yacht Club Junior Sail ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (25% of expenses). Other salaries and wages came to $150k. At year end it held assets of $264k against liabilities of $11k, net assets of $252k. It reported 4 employees.