Midwest Bikeshare Inc

Analysis

Midwest Bikeshare Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2013, 13 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, Midwest Bikeshare Inc reported income of $1.1m and spending of $1.4m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $699k to $1.1m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 114% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Midwest Bikeshare Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Citysprouts Inc ($1.1m), Sustainable Solano ($1.1m) and Feiro Marine Life Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $72k (5.1% of expenses). Other salaries and wages came to $419k. At year end it held assets of $1.7m against liabilities of $234k, net assets of $1.4m. It reported 30 employees.