Second Life Bikes

Analysis

Second Life Bikes is a registered charity in United States, based in Asbury Park, NJ. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Second Life Bikes reported income of $473k and spending of $454k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $473k (+15%), an average of +3.5% a year. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Second Life Bikes sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Hour Generation Foundation ($472k), Great and Small ($473k) and Community Health Initiatives Inc ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 42% of the total. Other salaries and wages came to $105k. At year end it held assets of $345k against liabilities of $70k, net assets of $276k. It reported 3 employees.