Charity Bicycles Inc

Analysis

Charity Bicycles Inc is a registered charity in United States, based in Brighton, MI. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Charity Bicycles Inc reported income of $102k and spending of $77k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $102k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charity Bicycles Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within MI. Charities of a similar size with the same main cause include Society of St Vincent de Paul St Catherine Conference ($102k), Tallapoosa Christian Crisis Center ($102k) and Quota International of Massillon ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. At year end it held assets of $151k against liabilities of $36k, net assets of $115k.