Friends of Momentum Bike Clubs

Analysis

Friends of Momentum Bike Clubs is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Friends of Momentum Bike Clubs reported income of $233k and spending of $364k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $256k to $233k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 110% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friends of Momentum Bike Clubs sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include E2ten Mission ($232k), Center for Restorative Practice ($233k) and General Daniel Chappie James Flight Academy Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.