R Community Bikes Inc

Analysis

R Community Bikes Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, R Community Bikes Inc reported income of $66k and spending of $55k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $66k (-70%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 70%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, R Community Bikes Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Greenway Snowmobile Club Inc ($66k), Spark the Dream ($66k) and Palm Bay Municipal Foundation Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $289k against liabilities of $0, net assets of $289k.