Bike Hub

Analysis

Bike Hub is a registered charity in United States, based in Bennington, VT. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Bike Hub reported income of $161k and spending of $123k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $161k (-8.1%), an average of -8.1% a year. Over the whole period it spent 52% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bike Hub sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 39th percentile within VT. Charities of a similar size with the same main cause include The Warehouse of Venice Inc ($161k), Holla ($162k) and National Council of Youth Sports Inc ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $69k. At year end it held assets of $166k against liabilities of $5,986, net assets of $160k. It reported 5 employees.