Charity Bicycles Inc
- Assets
- $148.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, MI
- Founding
- Data as of
- 12/2022
- EIN
- 83-4619945
Organization Overview
Charity Bicycles Inc is located in Brighton, MI. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charity Bicycles 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, Charity Bicycles Inc generated $122.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $65.6k during the year ending 12/2022. While expenses have increased by 24.6% per year over the past 2 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
TAKING IN DONATIONS OF USED BICYCLES, REPAIR REFURBISH THEM AND GIVING THEM TO PEOPLE IN NEED IN OUR COMMUNITY UTILIZING LOCAL CHARITIES AND CHURCHES TO HELP IDENTIFY RECIPIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Wolfe Chairperson | 40 | $0 | |
Judy Wolfe Secretary | 40 | $0 | |
Jeff Rey Treasurer | 20 | $0 | |
Bruce Steffer Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,570 |
| Total Program Service Revenue | $80,701 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$289 |
| Other Revenue | $0 |
| Total Revenue | $121,982 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,913 |
| Occupancy, rent, utilities, and maintenance | $25,200 |
| Printing, publications, postage, and shipping | $671 |
| Other expenses | $36,800 |
| Total expenses | $65,584 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,378 |
| Other assets | $0 |
| Total assets | $148,587 |
| Total liabilities | $45,504 |
| Net assets or fund balances | $103,083 |