The Bike Connector Inc

Analysis

The Bike Connector Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. 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, The Bike Connector Inc reported income of $152k and spending of $136k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $152k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Bike Connector Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include Great Falls Fish Inc ($152k), Little League Baseball Inc ($152k) and America Scores ($152k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.