Bikes for the World Inc

Analysis

Bikes for the World Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Bikes for the World Inc reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.3m to $1.9m (+43%), an average of +7.5% a year. The sharpest change came in the year to June 2024, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bikes for the World Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Corazon de Vida Foundation ($1.9m), Young Womens Christian Association of High Point NC Inc ($1.9m) and Alaska Family Child Care Association ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $76k (4.0% of expenses). Other salaries and wages came to $133k. At year end it held assets of $485k against liabilities of $211k, net assets of $274k. It reported 4 employees.