Jack the Bike Man Inc

Analysis

Jack the Bike Man Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in October 2007, 19 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 December 2023, Jack the Bike Man Inc reported income of $635k and spending of $844k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $706k to $635k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2020, when income rose by 226%. Over the whole period it spent 69% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Jack the Bike Man Inc 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 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include KL Training Solutions ($635k), 40 Love Foundation Incorporated ($635k) and Mustang Club ($634k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $123k (15% of expenses). Other salaries and wages came to $85k. At year end it held assets of $2.7m against liabilities of $720k, net assets of $2.0m. It reported 12 employees.