Durham Bicycle Cooperative

Analysis

Durham Bicycle Cooperative is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Durham Bicycle Cooperative reported income of $65k and spending of $43k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $65k (+10%), an average of +10% a year. Over the whole period it spent 68% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Durham Bicycle Cooperative sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Little League Baseball Inc ($65k), Octorara Soccer Club Schoff Road ($65k) and Little League Baseball Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 2.2% of the total. At year end it held assets of $210k against liabilities of $318, net assets of $210k.