Humble Sons Bike Company

Analysis

Humble Sons Bike Company is a registered charity in United States, based in Broken Arrow, OK. It received its IRS tax-exemption ruling in May 2009, 17 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, Humble Sons Bike Company reported income of $4.9m and spending of $997k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $366k to $4.9m (+1237%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 344%. Over the whole period it spent 40% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Humble Sons Bike Company sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Long Island Donation Center Inc ($4.9m), Boys & Girls Club of Carson ($4.9m) and Kalamazoo Youth Development Network ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Other salaries and wages came to $315k. At year end it held assets of $4.8m against liabilities of $12k, net assets of $4.8m. It reported 1 employees.