Burlington Bicycle Project Corp

Analysis

Burlington Bicycle Project Corp is a registered charity in United States, based in Burlington, VT. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Burlington Bicycle Project Corp reported income of $641k and spending of $770k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $717k to $641k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Burlington Bicycle Project Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within VT. Charities of a similar size with the same main cause include Build Hope Inc ($641k), Cardboard Prophets ($641k) and Clear Waters Life Center ($640k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $83k (11% of expenses). Other salaries and wages came to $430k. At year end it held assets of $1.2m against liabilities of $39k, net assets of $1.1m. It reported 22 employees.