Mikes Bikes Foundation

Analysis

Mikes Bikes Foundation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Mikes Bikes Foundation reported income of $185k and spending of $125k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $322k to $185k (-42%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Mikes Bikes Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Colors of Connection Inc ($185k), Maketai Inc ($185k) and Kids of Kathmandu Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.