Robert & Wilma Burbach Bike Foundation of MN Inc

Analysis

Robert & Wilma Burbach Bike Foundation of MN Inc is a registered charity in United States, based in Ham Lake, MN. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Robert & Wilma Burbach Bike Foundation of MN Inc reported income of $79k and spending of $88k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $79k (-6.7%), an average of -6.7% a year. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Robert & Wilma Burbach Bike Foundation of MN Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 28th percentile within MN. Charities of a similar size with the same main cause include Verdine White Performing Arts Center Inc ($79k), National Charity League Inc Tucsonprospective Chapter ($79k) and Auxiliary to the Boys and Girls Club of Bloomington ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $84k against liabilities of $6,918, net assets of $77k.