Freewheelin Community Bikes

Analysis

Freewheelin Community Bikes is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 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, Freewheelin Community Bikes reported income of $658k and spending of $364k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $658k (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Freewheelin Community Bikes sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Soccer Club of Cranford Inc ($658k), Brainerd Amateur Hockey Foundation ($658k) and Ouray Ice Park Incorporated ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $233k. At year end it held assets of $523k against liabilities of $37k, net assets of $486k. It reported 22 employees.