Free Bikes 4 Kidz

Analysis

Free Bikes 4 Kidz is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in March 2010, 16 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, Free Bikes 4 Kidz reported income of $482k and spending of $506k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $482k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Free Bikes 4 Kidz sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Dvorskaya Alternative School ($482k), Alternatives in Motion ($482k) and Advocacy & Resource Center ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $90k (18% of expenses). Other salaries and wages came to $78k. At year end it held assets of $332k against liabilities of $191k, net assets of $142k. It reported 18 employees.