Bike Durham

Analysis

Bike Durham is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in September 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Bike Durham reported income of $704k and spending of $257k, leaving 64% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income grew from $38k to $704k (+1761%), an average of +1762% a year. The sharpest change came in the year to March 2023, when income rose by 1761%. Over the whole period it spent 38% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bike Durham sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Brentwood Youth Soccer Club Inc ($704k), SC United Soccer Club ($704k) and Katy Football Association Inc ($703k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $204k (79% of expenses). At year end it held assets of $557k against liabilities of $8,916, net assets of $548k. It reported 13 employees.