Biking for Fun Inc

Analysis

Biking for Fun Inc is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in May 2006, 20 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, Biking for Fun Inc reported income of $389k and spending of $479k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $318k to $389k (+23%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Biking for Fun Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Geneseo Youth Baseball Inc ($389k), Stoneham Pee Wee Hockey Association Inc ($390k) and Body & Soul Ministries ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Other salaries and wages came to $167k. At year end it held assets of $189k against liabilities of $101k, net assets of $88k. It reported 8 employees.