Salt Lake City Bicycle Collective

Analysis

Salt Lake City Bicycle Collective is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover employment, 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, Salt Lake City Bicycle Collective reported income of $2.2m and spending of $1.8m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.2m (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salt Lake City Bicycle Collective sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within UT. Charities of a similar size with the same main cause include Michigan Job Training Partnership ($2.2m), Disability Planning Organization of Kansas Inc ($2.2m) and Bay Consortium Workforce Investment Board ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $94k (5.3% of expenses). Other salaries and wages came to $581k. At year end it held assets of $4.9m against liabilities of $1.4m, net assets of $3.5m. It reported 45 employees.