Bike Box Project

Analysis

Bike Box Project is a registered charity in United States, based in New Bern, NC. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Bike Box Project reported income of $420k and spending of $113k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $420k (+125%), an average of +125% a year. The sharpest change came in the year to December 2023, when income rose by 125%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bike Box Project sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Pride of Atmore ($420k), Behavioral Health Foundation of Central Mississippi Inc ($420k) and Farmers Electric Charitablefoundation ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 17% of the total. At year end it held assets of $399k against liabilities of $3,497, net assets of $395k.