Charlottesville Community Bikes

Analysis

Charlottesville Community Bikes is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in December 2020, 6 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, Charlottesville Community Bikes reported income of $509k and spending of $439k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $254k to $509k (+100%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Charlottesville Community 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 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Dayton Hockey Association ($509k), Greater Pensacola Junior Golf Association Inc ($509k) and Proscholars Athletics ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $73k (17% of expenses). Other salaries and wages came to $152k. At year end it held assets of $224k against liabilities of $195, net assets of $224k. It reported 15 employees.