Bike the US for Ms Inc

Analysis

Bike the US for Ms Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 September 2023, Bike the US for Ms Inc reported income of $285k and spending of $286k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $429k to $285k (-34%), an average of -9.7% a year. The sharpest change came in the year to September 2022, when income rose by 277%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bike the US for Ms Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Survivor Fitness Foundation ($285k), Morning Light Foundation Inc ($285k) and Minnesota Lions Diabetes Foundation Inc ($285k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $74k. At year end it held assets of $73k against liabilities of $34k, net assets of $40k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.