Pedals Michigan

Analysis

Pedals Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pedals Michigan reported income of $68k and spending of $973k, spending 1439% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.8m to $68k (-96%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pedals Michigan sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include Eigerlab NFP ($68k), Dress for Success Brookhaven Inc ($68k) and Mauston Wrestling Club Inc ($68k).

Other salaries and wages came to $586k. At year end it held assets of $2.0m against liabilities of $180k, net assets of $1.8m. It reported 7 employees.