Newark Bike Project Inc

Analysis

Newark Bike Project Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Newark Bike Project Inc reported income of $85k and spending of $106k, spending 124% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $186k to $85k (-54%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Newark Bike Project Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 29th percentile within DE. Charities of a similar size with the same main cause include Rising Earth Human Impact Education Inc ($85k), Keep Chatsworth-Murray Beautiful Inc ($85k) and Solar Washington Association ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 4.6% of the total. At year end it held assets of $3,709 against liabilities of $0, net assets of $3,709.