Neighborhood Bike Works

Analysis

Neighborhood Bike Works is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Neighborhood Bike Works reported income of $620k and spending of $479k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $368k to $620k (+69%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Neighborhood Bike Works sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Sons ($620k), Boys & Girls Club of Weslaco ($620k) and Sport X Change International ($620k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $71k (15% of expenses). Other salaries and wages came to $173k. At year end it held assets of $623k against liabilities of $130k, net assets of $492k. It reported 8 employees.