The Bicycle Alliance of Minnesota

Analysis

The Bicycle Alliance of Minnesota is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Bicycle Alliance of Minnesota reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $996k to $1.2m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Bicycle Alliance of Minnesota sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include Winterkids Education Foundation ($1.2m), Whatcom FC Rangers ($1.2m) and Matagorda County Fair & Livestock Exposition Assn ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $82k (7.1% of expenses). Other salaries and wages came to $336k. At year end it held assets of $430k against liabilities of $139k, net assets of $292k. It reported 13 employees.