Working Bikes

Analysis

Working Bikes is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Working Bikes reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $961k to $1.6m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Working Bikes sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Share and Care Foundation for India ($1.5m), Center for Arms Control and Non-Proliferation ($1.6m) and Jaffna College Funds Trustee ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $80k (5.4% of expenses). Other salaries and wages came to $559k. At year end it held assets of $1.5m against liabilities of $34k, net assets of $1.4m. It reported 27 employees.