Quick charity verification for Urban Bike Project Of Wilmingtoninc (EIN: 205837287)
Verdict: Urban Bike Project Of Wilmingtoninc appears trustworthy
85/100Mission Score
$178KRevenue
$548KAssets
2Red Flags
4Strengths
Red Flags
Operating deficits in the last two reported periods (2022 and 2023), with expenses exceeding revenue by $98,210 and $4,921 respectively.
Significant year-over-year revenue volatility, dropping from $348,156 in 2020 to $159,251 in 2022.
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds and potentially volunteer leadership.
Consistent growth in assets, from $78,544 in 2015 to $592,191 in 2023, demonstrating strong financial management and stability.
Zero liabilities reported in the most recent two periods (2022 and 2023), indicating a healthy balance sheet.
Strong asset base relative to annual expenses, providing a buffer for operational needs.
Spending Breakdown
How Urban Bike Project Of Wilmingtoninc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Urban Bike Project Of Wilmingtoninc
Is Urban Bike Project Of Wilmingtoninc a legitimate charity?
Based on AI analysis of IRS 990 filings, Urban Bike Project Of Wilmingtoninc (EIN: 205837287) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Urban Bike Project Of Wilmingtoninc a good charity to donate to?
Urban Bike Project Of Wilmingtoninc has a Mission Score of 85/100. Revenue: $178K. Assets: $548K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Urban Bike Project Of Wilmingtoninc?
The Employer Identification Number (EIN) for Urban Bike Project Of Wilmingtoninc is 205837287. 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 Urban Bike Project Of Wilmingtoninc spend its money?
Urban Bike Project Of Wilmingtoninc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Urban Bike Project Of Wilmingtoninc's tax-exempt status?
You can verify Urban Bike Project Of Wilmingtoninc's tax-exempt status using EIN 205837287 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
Urban Bike Project Of Wilmingtoninc demonstrates a generally stable financial position with consistent asset growth over the past several years, reaching $592,191 in 2023. The organization has shown a commitment to its mission by maintaining zero officer compensation across all reported periods, indicating that leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. While revenue has fluctuated, with a high of $348,156 in 2020 and a low of $159,251 in 2022 (excluding the anomalous 201712 filing), the organization has managed its expenses, though it did operate at a deficit in 2022 and 2023, with expenses exceeding revenue by $98,210 and $4,921 respectively. This recent trend of expenses outpacing revenue warrants monitoring to ensure long-term sustainability.
The organization's transparency is high regarding executive compensation, as no officer compensation is reported. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The consistent growth in assets, from $78,544 in 2015 to $592,191 in 2023, suggests effective asset management and potentially strong donor support or successful capital campaigns. The absence of liabilities in most recent filings (2022 and 2023) also indicates good financial health and responsible debt management.
Overall, Urban Bike Project Of Wilmingtoninc appears to be a well-managed organization with a strong commitment to its mission, evidenced by its zero officer compensation policy and consistent asset growth. The recent operating deficits in 2022 and 2023 are a point to watch, but the overall financial picture suggests a healthy and transparent nonprofit.