Velocipede Bike Project

Analysis

Velocipede Bike Project is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Velocipede Bike Project reported income of $93k and spending of $66k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $22k to $93k (+318%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 164%. Over the whole period it spent 69% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Velocipede Bike Project sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include Southeast Texas Youth Shooting Sports Association ($93k), Gift of Swimming Inc ($93k) and Central Cinema Theatre ($93k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. At year end it held assets of $155k against liabilities of $2,215, net assets of $153k.