Bikes for Kids Inc

Analysis

Bikes for Kids Inc is a registered charity in United States, based in Centerbrook, CT. It received its IRS tax-exemption ruling in February 2012, 14 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, Bikes for Kids Inc reported income of $68k and spending of $72k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $68k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bikes for Kids Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within CT. Charities of a similar size with the same main cause include Colchester Lions Charities Inc ($68k), Friends of Cunningham Falls and Gambrill State Parks Inc ($68k) and Coppell Girls Softball Association ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $194k against liabilities of $1,936, net assets of $192k.