Peopleforbikes Foundation

Analysis

Peopleforbikes Foundation is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Peopleforbikes Foundation reported income of $3.2m and spending of $3.9m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.3m to $3.2m (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peopleforbikes Foundation 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 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Whitley County Community Foundation Inc ($3.2m), Msufcu Desk Drawer Foundation ($3.2m) and Patrick Henry Community College Educational Foundation Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $828k. At year end it held assets of $2.1m against liabilities of $108k, net assets of $2.0m. It reported 18 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.