Yellow Bike Project

Analysis

Yellow Bike Project is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 1998, 28 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 December 2023, Yellow Bike Project reported income of $491k and spending of $559k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $491k (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yellow Bike Project sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Hilltop Economic Development Corporation ($491k), Emerging Enterprise Center Inc ($491k) and St Hope Development Company ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 1.9% of the total. Other salaries and wages came to $274k. At year end it held assets of $396k against liabilities of $15k, net assets of $380k. It reported 11 employees.