Plumbers and Steamfitters Local 598 Bikes for Tikes Charity

Analysis

Plumbers and Steamfitters Local 598 Bikes for Tikes Charity is a registered charity in United States, based in Pasco, WA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Plumbers and Steamfitters Local 598 Bikes for Tikes Charity reported income of $148k and spending of $144k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $148k (+4.9%), an average of +4.9% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plumbers and Steamfitters Local 598 Bikes for Tikes Charity sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within WA. Charities of a similar size with the same main cause include Hands of Hope Foundation ($148k), Independence Place Inc ($148k) and Believers United for Progress ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $123k against liabilities of $136k, net assets of -$13k.