Bike Utah

Analysis

Bike Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 Utah reported income of $610k and spending of $683k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $790k to $610k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Bike Utah sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within UT. Charities of a similar size with the same main cause include West Rowan Volunteer Fire Department Inc ($610k), Farmersville Fire Association Inc ($611k) and Citizens Hose Company 1 ($610k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $150k (22% of expenses). Other salaries and wages came to $257k. At year end it held assets of $250k against liabilities of $20k, net assets of $230k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.