Recycle-A-Bike

Analysis

Recycle-A-Bike is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Recycle-A-Bike reported income of $107k and spending of $120k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $107k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Recycle-A-Bike sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 34th percentile within RI. Charities of a similar size with the same main cause include Shady Valley Volunteer Fire Department ($107k), Goshen Volunteer Fire Company Inc ($107k) and Olney Volunteer Fire Department ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $37k against liabilities of $5,468, net assets of $31k.