Quick charity verification for Globalbike Inc (EIN: 208387372)
Verdict: Globalbike Inc appears trustworthy
85/100Mission Score
$91KRevenue
$40KAssets
2Red Flags
5Strengths
Red Flags
Fluctuating revenue, making long-term financial planning potentially challenging
Modest asset base, limiting significant reserves for unexpected events
Strengths
Zero reported officer compensation, indicating high efficiency and volunteer leadership
Consistently reports zero liabilities, demonstrating strong financial management and no debt
Consistent IRS 990 filing history, showing commitment to transparency
Expenses generally align with revenue, indicating responsible spending
Positive surplus in the most recent 2022 filing ($26,667)
Spending Breakdown
How Globalbike Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Globalbike Inc
Is Globalbike Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Globalbike Inc (EIN: 208387372) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is Globalbike Inc a good charity to donate to?
Globalbike Inc has a Mission Score of 85/100. Revenue: $91K. Assets: $40K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Globalbike Inc?
The Employer Identification Number (EIN) for Globalbike Inc is 208387372. 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 Globalbike Inc spend its money?
Globalbike Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Globalbike Inc's tax-exempt status?
You can verify Globalbike Inc's tax-exempt status using EIN 208387372 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
Globalbike Inc. demonstrates a fluctuating financial performance over the past decade, with recent revenue in 2022 significantly higher at $293,446 compared to previous years, indicating a potential growth spurt or a one-time event. The organization consistently reports zero liabilities and zero officer compensation across all available filings, which speaks to a lean operational structure and strong financial control regarding debt and executive pay. However, the asset base remains relatively modest, peaking at $68,601 in 2016 and currently at $53,878 (2022), suggesting that the organization operates with limited reserves. The consistent reporting of no officer compensation enhances transparency and indicates that leadership is likely volunteer-based or compensated through other means not reported as officer compensation, which is a positive sign for donor confidence.
Spending efficiency appears to be strong, with expenses generally tracking closely to revenue, and in some years, expenses exceeding revenue (e.g., 2021, 2020, 2019, 2013), indicating periods of deficit spending. The most recent filing (2022) shows expenses of $266,779 against revenues of $293,446, resulting in a surplus, which is a healthy sign. The absence of reported officer compensation is a significant factor in its operational efficiency. The organization's consistent filing of IRS Form 990s over 11 periods demonstrates a commitment to transparency.
Overall, Globalbike Inc. appears to be a financially responsible organization, particularly given its consistent lack of liabilities and officer compensation. While its revenue and asset base are not large, its operational model seems to prioritize direct program impact over administrative overhead and executive salaries. The fluctuations in revenue suggest that its funding may be project-based or subject to external factors, but its ability to manage expenses within these varying income levels is commendable.