Recyclable Bicycle Exchange Inc is located in Fort Lauderdale, FL. The organization was established in 2016. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recyclable Bicycle Exchange Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Recyclable Bicycle Exchange Inc generated $146.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $122.1k during the year ending 12/2022. While expenses have increased by 3.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED AFFORDABLE BIKES AND BIKE REPAIR TO THE PUBLIC AND FREE BIKES TO LOCAL YOUTH. ENCOURAGED BIKE/REPAIR BASED EDUCATIONAL OPPORTUNITIES. PROVIDED HELMETS/SAFETY EQUIPMENT TO ENCOURAGE SAFE BIKING.
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,030 |
| Total Program Service Revenue | $122,927 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$819 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $146,138 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,769 |
| Professional fees and other payments to independent contractors | $6,095 |
| Occupancy, rent, utilities, and maintenance | $49,523 |
| Printing, publications, postage, and shipping | $100 |
| Other expenses | $60,649 |
| Total expenses | $122,136 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |