Bikewalk North Carolina

Analysis

Bikewalk North Carolina is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Bikewalk North Carolina reported income of $297k and spending of $260k, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $87k to $297k (+243%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 184%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bikewalk North Carolina sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Fauquier County Fair Inc ($297k), National Society of the Daughters of the American Revolution ($297k) and Rotary Zones 30 & 31 Inc ($297k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $47k (18% of expenses). Other salaries and wages came to $122k. At year end it held assets of $230k against liabilities of $13k, net assets of $216k. It reported 3 employees.