SLC Bike Share

Analysis

SLC Bike Share is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, SLC Bike Share reported income of $1.4m and spending of $1.7m, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $888k to $1.4m (+61%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, SLC Bike Share sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Agency for Substance Abuse Prevention ($1.4m), Big Brothers-Big Sisters of the Capital Region Inc ($1.4m) and Hands Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $111k (6.4% of expenses). Other salaries and wages came to $591k. At year end it held assets of $922k against liabilities of $162k, net assets of $759k. It reported 19 employees.