Red Lodge Bike Center

Analysis

Red Lodge Bike Center is a registered charity in United States, based in Red Lodge, MT. It received its IRS tax-exemption ruling in February 2022, 4 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, Red Lodge Bike Center reported income of $127k and spending of $151k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $10k to $127k (+1167%), an average of +256% a year. The sharpest change came in the year to December 2023, when income rose by 677%. Over the whole period it spent 190% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Red Lodge Bike Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within MT. Charities of a similar size with the same main cause include Maryland STEM Festival Inc ($127k), West Linn Youth Football Association ($127k) and Valley Soccer Club Inc ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.