Bikes for Goodness Sake Foundation

Analysis

Bikes for Goodness Sake Foundation is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in December 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, Bikes for Goodness Sake Foundation reported income of $131k and spending of $145k, spending 111% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $255k to $131k (-49%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bikes for Goodness Sake Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Kids Charities ($131k), The Makers Place Inc ($131k) and Martin Housing Corporation ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.