Bike Box Project
EIN: 831678144 · New Bern, NC · NTEE: T70
Is Bike Box Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bike Box Project
Bike Box Project (EIN: 831678144) is a nonprofit organization based in New Bern, NC, classified under NTEE code T70. The organization reported total revenue of $477K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bike Box Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bike Box Project is a small nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 111.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $420K |
| Total Expenses | $113K |
| Surplus / Deficit | +$307K |
| Total Assets | $399K |
| Total Liabilities | $3K |
| Net Assets | $395K |
| Operating Margin | 73.2% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 42.4 months |
Financial Health Grade: A
In 2023, Bike Box Project reported a surplus of $307K with revenue exceeding expenses, holds 42.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Bike Box Project's revenue has grown at a compound annual growth rate (CAGR) of 111.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +124.8% | -23.0% | +185.0% |
| 2022 | +98.2% | +153.5% | +46.1% |
| 2021 | +112.4% | +126.6% | +61.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bike Box Project 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 Bike Box Project 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 surplus of $307K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Bike Box Project
Is Bike Box Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Bike Box Project (EIN: 831678144) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bike Box Project spend its money?
Detailed spending breakdown data is not yet available for Bike Box Project. Check back for updated IRS 990 analysis.
Are donations to Bike Box Project tax-deductible?
Bike Box Project is registered as a tax-exempt nonprofit (EIN: 831678144). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Bike Box Project showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Bike Box Project's revenue has grown by 846.2%, moving from $44K to $420K. Total assets increased by 573.2% over the same period, from $59K to $399K. Total functional expenses rose by 342.2%, from $25K to $113K. In its most recent filing year (2023), Bike Box Project reported a surplus of $307K, with revenue exceeding expenses. The organization holds $3K in liabilities against $399K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $395K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $420K | $113K | $399K | $3K | — | — |
| 2022 | $187K | $146K | $140K | $4K | — | View 990 |
| 2021 | $94K | $58K | $96K | $0 | — | View 990 |
| 2020 | $44K | $25K | $59K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $420K, expenses of $113K, and assets of $399K (revenue +124.8% year-over-year).
- 2022: Revenue of $187K, expenses of $146K, and assets of $140K (revenue +98.2% year-over-year).
- 2021: Revenue of $94K, expenses of $58K, and assets of $96K (revenue +112.4% year-over-year).
- 2020: Revenue of $44K, expenses of $25K, and assets of $59K.
Data Sources and Methodology
This transparency report for Bike Box Project 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.