Lucky Bikes

Analysis

Lucky Bikes is a registered charity in United States, based in Sheridan, CO. It received its IRS tax-exemption ruling in September 2001, 25 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lucky Bikes reported income of $515k and spending of $675k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $395k to $515k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 45%. 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, Lucky Bikes sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Appalachian Athletic Conference ($515k), Carroll Athletic Booster Club ($515k) and Waconia Hockey Association Inc ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 7.0% of the total. Other salaries and wages came to $224k. At year end it held assets of $296k against liabilities of $27k, net assets of $269k. It reported 25 employees.