Project Bike Tech

Analysis

Project Bike Tech is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Project Bike Tech reported income of $580k and spending of $552k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $483k to $580k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 138%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Bike Tech sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Aha Kane-Foundation for the Advancement of Native Hawaiian Mal ($580k), American Foundation for Pharmaceutical Education ($580k) and Hartshorn School PTO Inc ($580k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $280k (51% of expenses). At year end it held assets of $105k against liabilities of $62k, net assets of $43k. It reported 4 employees.