League of Michigan Bicyclists

Analysis

League of Michigan Bicyclists is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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, League of Michigan Bicyclists reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $779k to $1.0m (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, League of Michigan Bicyclists sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include The Learning Alliance Foundation Inc ($1.0m), Community of Writers ($1.0m) and Raaz Associates Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $95k (9.0% of expenses). Other salaries and wages came to $341k. At year end it held assets of $563k against liabilities of $178k, net assets of $385k. It reported 9 employees.