Muskegon Bike Time Events Inc

Analysis

Muskegon Bike Time Events Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in August 2007, 19 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, Muskegon Bike Time Events Inc reported income of $255k and spending of $170k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $255k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Muskegon Bike Time Events Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Hingham Youth Soccer Inc ($255k), Springfield Kickapoo Baseball Booster Club ($255k) and Tracyton Soccer Club ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. At year end it held assets of $36k against liabilities of $630k, net assets of -$594k.