Bike Newport

Analysis

Bike Newport is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Newport reported income of $995k and spending of $834k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $442k to $995k (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Bike Newport sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within RI. Charities of a similar size with the same main cause include Terraset ($995k), The Center for Community Transportation Inc ($996k) and Colores United ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Other salaries and wages came to $512k. At year end it held assets of $606k against liabilities of $11k, net assets of $595k. It reported 19 employees.