Dream Bikes Inc

Analysis

Dream Bikes Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dream Bikes Inc reported income of $304k and spending of $355k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $679k to $304k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 55%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dream Bikes Inc 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 62nd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Mabel E Sherman Educational Fund ($304k), Community Enhancement Foundation of Plains ($304k) and Wapakoneta Athletic Boosters ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $82k. At year end it held assets of $179k against liabilities of $16k, net assets of $162k. It reported 43 employees.