Queen City Bicycle Collective

Analysis

Queen City Bicycle Collective is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 March 2024, Queen City Bicycle Collective reported income of $226k and spending of $222k, spending 98% of its income. Across the 3 years on record, from March 2022 to March 2024, income fell from $294k to $226k (-23%), an average of -12% a year. The sharpest change came in the year to March 2024, when income dropped by 16%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Queen City Bicycle Collective sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within NH. Charities of a similar size with the same main cause include Renew Project ($226k), Pueblo Organizado En Defensa de LA Tierra Y Sus Recursos ($226k) and H-Gac Corporation for Regional Excellence ($226k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $62k (28% of expenses). Other salaries and wages came to $38k. At year end it held assets of $242k against liabilities of $13k, net assets of $230k. It reported 12 employees.