DDP Bike Share Corporation

Analysis

DDP Bike Share Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, DDP Bike Share Corporation reported income of $1.1m and spending of $1.8m, spending 165% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.1m (-34%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, DDP Bike Share Corporation sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Van Wert County Day Care Center Inc ($1.1m), American Consumer Council ($1.1m) and Box Elder Community Pantry ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $92k (5.1% of expenses). Other salaries and wages came to $231k. At year end it held assets of $780k against liabilities of $478k, net assets of $302k. It reported 4 employees.