Two Bikes

Analysis

Two Bikes is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Two Bikes reported income of $464k and spending of $457k, spending 98% of its income. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Two Bikes sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within TN. Charities of a similar size with the same main cause include Crossing Heritage Academy Inc ($464k), Legacy of Grace School Tuition Organization Inc ($464k) and Resources for Indian Student Education Inc ($464k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $224k. At year end it held assets of $69k against liabilities of $927, net assets of $68k. It reported 15 employees.