Is Bike New York Inc Legit?

Quick charity verification for Bike New York Inc (EIN: 134069149)

Verdict: Bike New York Inc appears trustworthy

85/100Mission Score

$6.9MRevenue

$4.5MAssets

2Red Flags

4Strengths

Red Flags

Significant revenue volatility, with a sharp drop from $6.4M in 2019 to $2.3M in 2020.
Expenses frequently exceed revenues in several periods, such as 2021 ($4.8M expenses vs. $4.2M revenue), indicating tight operating margins.

Strengths

Consistent reporting of 0% officer compensation across all 12 filings, demonstrating a strong commitment to mission-focused spending.
Long history of IRS 990 filings (12 periods), indicating strong transparency and compliance.
Significant asset growth from $1.8M in 2012 to $4.4M currently, enhancing long-term stability.
Latest revenue of $6,859,968 shows strong recovery and operational capacity.

Spending Breakdown

How Bike New York Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

10%

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Bike New York Inc

Is Bike New York Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bike New York Inc (EIN: 134069149) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Bike New York Inc a good charity to donate to?

Bike New York Inc has a Mission Score of 85/100. Revenue: $6.9M. Assets: $4.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bike New York Inc?

The Employer Identification Number (EIN) for Bike New York Inc is 134069149. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Bike New York Inc spend its money?

Bike New York Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bike New York Inc's tax-exempt status?

You can verify Bike New York Inc's tax-exempt status using EIN 134069149 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Bike New York Inc. demonstrates a fluctuating financial health over the past decade, with revenues and expenses showing significant variability. For instance, revenue dropped from $6,461,543 in 2019 to $2,379,962 in 2020, likely impacted by external events, before recovering to $4,298,085 in 2021 and a latest reported revenue of $6,859,968. The organization generally operates with expenses closely matching or slightly exceeding revenues in many periods, such as in 2021 where expenses of $4,829,497 exceeded revenues of $4,298,085. This indicates a tight operational margin, though the latest revenue figure suggests a stronger current position.

Spending efficiency appears reasonable given the nature of events-based organizations, though specific program spending ratios are not provided in the raw data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead at the executive level, which is a positive indicator for efficiency. The organization's assets have also shown growth, from $1,865,192 in 2012 to $4,478,078 currently, indicating some financial stability and capacity.

Transparency is strong regarding executive compensation, with all filings showing 0% officer compensation, which is highly commendable. The consistent filing of IRS Form 990s over 12 periods also points to a commitment to regulatory compliance and public disclosure. While detailed breakdowns of program vs. administrative vs. fundraising expenses are not directly available in the provided data, the absence of officer compensation is a significant positive for transparency and public trust.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.