Explore Bike Share Inc

Analysis

Explore Bike Share Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Explore Bike Share Inc reported income of $938k and spending of $846k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $852k to $938k (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 352%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Explore Bike Share Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Salem Pregnancy Support Inc ($938k), PCS Family Services Inc ($938k) and Society of St Vincent de Paul Rapid City Diocese District Council ($937k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $336k. At year end it held assets of $1.3m against liabilities of $553k, net assets of $748k. It reported 6 employees.