Bikepacking Roots

Analysis

Bikepacking Roots is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2016, 10 years ago. 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, Bikepacking Roots reported income of $184k and spending of $232k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $260k to $184k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bikepacking Roots sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Nanticoke Indian Association Inc ($184k), Hawaii Parkinson Association Inc ($184k) and Five Starz Volleyball Club ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Other salaries and wages came to $45k. At year end it held assets of $164k against liabilities of $0, net assets of $164k. It reported 2 employees.