Bike Share Pittsburgh Inc

Analysis

Bike Share Pittsburgh Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Bike Share Pittsburgh Inc reported income of $1.2m and spending of $1.8m, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 248%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bike Share Pittsburgh Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include 501cpa ($1.2m), Trico Opportunities Inc ($1.2m) and Blake Holding Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $118k (6.7% of expenses). Other salaries and wages came to $620k. At year end it held assets of $1.9m against liabilities of $301k, net assets of $1.6m. It reported 22 employees.