Free Bikes 4 Kidz - Detroit

Analysis

Free Bikes 4 Kidz - Detroit is a registered charity in United States, based in Glen Arbor, MI. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Free Bikes 4 Kidz - Detroit reported income of $248k and spending of $192k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $248k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Free Bikes 4 Kidz - Detroit sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Eg Ministries Inc ($248k), Monroe Wolverines Football and Cheerleading a NJ Nonprofit Corpor ($248k) and Sola Robotics ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $23k. At year end it held assets of $212k against liabilities of $0, net assets of $212k.