Breakthrough Bike Challenge

Analysis

Breakthrough Bike Challenge is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 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 December 2023, Breakthrough Bike Challenge reported income of $325k and spending of $328k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $344k to $325k (-5.4%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Breakthrough Bike Challenge 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 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Minnesota High School Ultimate League ($325k), Edina Football Association ($325k) and Fallon Festival Association Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $23k against liabilities of $3,831, net assets of $20k.