Urban Bike Project of Wilmingtoninc

Analysis

Urban Bike Project of Wilmingtoninc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Urban Bike Project of Wilmingtoninc reported income of $225k and spending of $230k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $340k to $225k (-34%), an average of -9.8% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban Bike Project of Wilmingtoninc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 51st percentile within DE. Charities of a similar size with the same main cause include American Friends of Maon Hatalmud Inc ($225k), Sheet Metal Workers International Association ($225k) and Grace Christian School ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $45k (20% of expenses). Other salaries and wages came to $90k. At year end it held assets of $592k against liabilities of $0, net assets of $592k. It reported 3 employees.