Rustys Bicycle Recycle Inc

Analysis

Rustys Bicycle Recycle Inc is a registered charity in United States, based in Longwood, FL. It received its IRS tax-exemption ruling in February 2019, 7 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, Rustys Bicycle Recycle Inc reported income of $141k and spending of $152k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $227k to $141k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rustys Bicycle Recycle Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include M a D Ministries Inc ($141k), Helping Others Promoting Empowerment to New Heights Inc ($141k) and Diversion Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. At year end it held assets of $41k against liabilities of $1,543, net assets of $39k.