88 Bikes
EIN: 262740895 · Seattle, WA · NTEE: P30
| Metric | Value |
|---|---|
| Total Revenue | $204K |
| Total Expenses | $168K |
| Net Assets | $11K |
Is 88 Bikes Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 88 Bikes
88 Bikes (EIN: 262740895) is a nonprofit organization based in Seattle, WA, classified under NTEE code P30. The organization reported total revenue of $204K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 88 Bikes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
88 Bikes is a small nonprofit that has been operating for 18 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $168K |
| Surplus / Deficit | $-47,855 |
| Total Assets | $11K |
| Total Liabilities | $23 |
| Net Assets | $11K |
| Operating Margin | -39.7% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 0.8 months |
Financial Health Grade: C
In 2023, 88 Bikes reported a deficit of $48K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), 88 Bikes's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +43.2% | -81.7% |
| 2022 | +2.0% | +51.4% | -0.4% |
| 2021 | -34.0% | -46.4% | -28.7% |
| 2019 | -10.9% | -8.8% | +50.1% |
| 2018 | +58.5% | +45.5% | +181.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 88 Bikes has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 88 Bikes with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $48K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Frequently Asked Questions about 88 Bikes
Is 88 Bikes a legitimate charity?
88 Bikes (EIN: 262740895) is a registered tax-exempt nonprofit based in Washington. It has 11 years of IRS 990 filings on record. Total revenue: $204K. No red flags identified. Financial health grade: C.
How does 88 Bikes spend its money?
88 Bikes reported $204K in total revenue in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 88 Bikes tax-deductible?
88 Bikes is registered as a tax-exempt nonprofit (EIN: 262740895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 88 Bikes located?
88 Bikes is headquartered in Seattle, Washington and files with the IRS under EIN 262740895. It is classified under NTEE code P30.
How many years of IRS 990 filings does 88 Bikes have?
88 Bikes has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $204K in total revenue.
Filing History
IRS 990 filing history for 88 Bikes showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), 88 Bikes's revenue has grown by 1%, moving from $119K to $121K. Total assets decreased by 77.2% over the same period, from $48K to $11K. Total functional expenses rose by 82.2%, from $92K to $168K. In its most recent filing year (2023), 88 Bikes reported a deficit of $48K, with expenses exceeding revenue. The organization holds $23 in liabilities against $11K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $168K | $11K | $23 | — | View 990 |
| 2022 | $116K | $118K | $60K | $880 | — | View 990 |
| 2021 | $114K | $78K | $60K | $0 | — | — |
| 2019 | $173K | $145K | $84K | $725 | — | — |
| 2018 | $194K | $159K | $56K | $777 | — | View 990 |
| 2017 | $123K | $109K | $20K | $0 | — | View 990 |
| 2016 | $122K | $123K | $9K | $2K | — | View 990 |
| 2015 | $65K | $111K | $7K | $0 | — | View 990 |
| 2014 | $95K | $116K | $53K | $0 | — | View 990 |
| 2013 | $102K | $76K | $74K | $0 | — | View 990 |
| 2012 | $119K | $92K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $168K, and assets of $11K (revenue +3.5% year-over-year).
- 2022: Revenue of $116K, expenses of $118K, and assets of $60K (revenue +2.0% year-over-year).
- 2021: Revenue of $114K, expenses of $78K, and assets of $60K (revenue -34.0% year-over-year).
- 2019: Revenue of $173K, expenses of $145K, and assets of $84K (revenue -10.9% year-over-year).
- 2018: Revenue of $194K, expenses of $159K, and assets of $56K (revenue +58.5% year-over-year).
- 2017: Revenue of $123K, expenses of $109K, and assets of $20K (revenue +0.0% year-over-year).
- 2016: Revenue of $122K, expenses of $123K, and assets of $9K (revenue +88.3% year-over-year).
- 2015: Revenue of $65K, expenses of $111K, and assets of $7K (revenue -31.4% year-over-year).
- 2014: Revenue of $95K, expenses of $116K, and assets of $53K (revenue -7.3% year-over-year).
- 2013: Revenue of $102K, expenses of $76K, and assets of $74K (revenue -14.3% year-over-year).
- 2012: Revenue of $119K, expenses of $92K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 88 Bikes:
Data Sources and Methodology
This transparency report for 88 Bikes is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.