Broke Spoke Community Bike Shop Inc

Analysis

Broke Spoke Community Bike Shop Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Broke Spoke Community Bike Shop Inc reported income of $71k and spending of $81k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $71k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 109% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Broke Spoke Community Bike Shop Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within KY. Charities of a similar size with the same main cause include Monterey Bay Areas Cactus and Succulent Society ($71k), Little Miami Watershed Network ($71k) and Sea of Clouds ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 64% of the total. At year end it held assets of $72k against liabilities of $1,297, net assets of $70k.