Pikeride Inc

Analysis

Pikeride Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Pikeride Inc reported income of $585k and spending of $568k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $585k (+216%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 255%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pikeride Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Ohio Valley Athletic Conference ($585k), USA Pentathlon Inc ($586k) and Standardbred Journal Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $89k (16% of expenses). Other salaries and wages came to $155k. At year end it held assets of $544k against liabilities of $103k, net assets of $441k. It reported 12 employees.