Madison Freewheel Bicycle Co

Analysis

Madison Freewheel Bicycle Co is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 January 2024, Madison Freewheel Bicycle Co reported income of $51k and spending of $34k, leaving 32% of income unspent that year. Across the 3 years on record, from January 2022 to January 2024, income fell from $95k to $51k (-47%), an average of -27% a year. The sharpest change came in the year to January 2024, when income dropped by 50%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Madison Freewheel Bicycle Co sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within WI. Charities of a similar size with the same main cause include Superkids of Montgomery County Inc ($51k), Martinsville Community Center ($51k) and Rotary District 6250 Foundation Inc ($51k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 32% of the total. At year end it held assets of $18k against liabilities of $50k, net assets of -$33k.