Triangle Bikeworks Inc

Analysis

Triangle Bikeworks Inc is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Triangle Bikeworks Inc reported income of $173k and spending of $178k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $210k to $173k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Triangle Bikeworks Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Harbor Springs Library ($173k), Institute for Mindful Leadership ($173k) and Upper Chichester Library ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $141k against liabilities of $889, net assets of $140k.