The Bicycle Thrift Shop

Analysis

The Bicycle Thrift Shop is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, The Bicycle Thrift Shop reported income of $105k and spending of $122k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $139k to $105k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Bicycle Thrift Shop sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Johnson County Fair Association ($105k), Clarion County Sportsmen Youth Inc ($105k) and Saratoga Youth Lacrosse Association Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.