Bikemore Incorporated

Analysis

Bikemore Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 June 2023, Bikemore Incorporated reported income of $275k and spending of $284k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $222k to $275k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 97% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Bikemore Incorporated sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include North Hampton Township Volunteer Fire Department Inc ($275k), Beach City Volunteer Fire Department ($276k) and Bedford Firemans Relief Association ($275k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $86k (30% of expenses). Other salaries and wages came to $135k. At year end it held assets of $89k against liabilities of $1,062, net assets of $88k. It reported 5 employees.