Three Oaks Spokes Bicycle Club

Analysis

Three Oaks Spokes Bicycle Club is a registered charity in United States, based in Three Oaks, MI. It received its IRS tax-exemption ruling in June 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Three Oaks Spokes Bicycle Club reported income of $210k and spending of $270k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $210k (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 1359%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Three Oaks Spokes Bicycle Club sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Wellesley Historical Society Inc ($210k), McCallum Theatre Foundation Inc ($210k) and Wheel and Cog Childrens Museum of Hutchinson ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $48k (18% of expenses). Other salaries and wages came to $14k. At year end it held assets of $213k against liabilities of $376k, net assets of -$163k. It reported 3 employees.