Bike Cleveland

Analysis

Bike Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2012, 14 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 (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, Bike Cleveland reported income of $486k and spending of $566k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $486k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bike Cleveland sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Center Grove Little League Inc ($486k), Gymnastics & Acro of Fair Oaks ($486k) and Hicksville American Soccer Inc ($486k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $173k. At year end it held assets of $605k against liabilities of $35k, net assets of $570k. It reported 6 employees.