Bikes on the Bricks

Analysis

Bikes on the Bricks is a registered charity in United States, based in Holly, MI. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, Bikes on the Bricks reported income of $108k and spending of $97k, spending 91% of its income. Across the 2 years on record, from March 2023 to March 2024, income grew from $69k to $108k (+55%), an average of +55% a year. The sharpest change came in the year to March 2024, when income rose by 55%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bikes on the Bricks sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within MI. Charities of a similar size with the same main cause include Weatherford Summer Baseball Inc ($108k), Bauxite Minor Athletic Foundation ($108k) and Illinois Drill Team Association ($108k).

On its Form 990-EZ for the period ending March 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.