Biking for a Better World Inc

Analysis

Biking for a Better World Inc is a registered charity in United States, based in Olympic Vly, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Biking for a Better World Inc reported income of $264k and spending of $276k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $264k (+197%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 72% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Biking for a Better World Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include American Institute of Iranian Studies ($264k), Troup Family Ministries Inc ($264k) and Wellspring Karitas Foundation ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 44% of the total. It paid $1,000 in professional fundraising fees. At year end it held assets of $544k against liabilities of $35k, net assets of $508k.