Los Angeles Bicycle Academy

Analysis

Los Angeles Bicycle Academy is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in July 2021, 5 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, Los Angeles Bicycle Academy reported income of $272k and spending of $242k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $256k to $272k (+6.1%), an average of +6.1% a year. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Bicycle Academy sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Jemez Bodhi Mandala ($272k), Smith Point Sea Rescue Inc ($272k) and Southeast Iowa Symphony Assn ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.