Jimmys Bike Drive Inc

Analysis

Jimmys Bike Drive Inc is a registered charity in United States, based in Writsvlle BCH, NC. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jimmys Bike Drive Inc reported income of $247k and spending of $251k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $163k to $247k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jimmys Bike Drive Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Childrens Rescue Initiative Inc ($247k), My Tzedakah Fund Inc ($247k) and Auxiliary to Greenville Hospital System ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.