Kids on Bikes Inc

Analysis

Kids on Bikes Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in August 2007, 19 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, Kids on Bikes Inc reported income of $916k and spending of $676k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $252k to $916k (+263%), an average of +91% a year. The sharpest change came in the year to December 2021, when income rose by 182%. Over the whole period it spent 84% 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, Kids on Bikes Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include National Board on Fire Service Professional Qualifications Inc ($915k), Potomac Heights Volunteer Fire Dept and Rescue Squad Incorporated ($917k) and Arundel Volunteer Fire Dept Inc ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $331k. At year end it held assets of $425k against liabilities of $6,362, net assets of $419k. It reported 56 employees.