Bike Library Inc
EIN: 460957576 · Iowa City, IA · NTEE: W99
| Metric | Value |
|---|---|
| Total Revenue | $424K |
| Total Expenses | $243K |
| Net Assets | $256K |
Is Bike Library Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bike Library Inc
Bike Library Inc (EIN: 460957576) is a nonprofit organization based in Iowa City, IA, classified under NTEE code W99. The organization reported total revenue of $424K and total assets of $709K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bike Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bike Library Inc is a small nonprofit that has been operating for 11 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 41.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $336K |
| Total Expenses | $243K |
| Surplus / Deficit | +$93K |
| Total Assets | $575K |
| Total Liabilities | $319K |
| Net Assets | $256K |
| Operating Margin | 27.6% |
| Debt-to-Asset Ratio | 55.5% |
| Months of Reserves | 28.4 months |
Financial Health Grade: A
In 2023, Bike Library Inc reported a surplus of $93K with revenue exceeding expenses, holds 28.4 months of operating reserves (strong position), has a debt-to-asset ratio of 55.5% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Bike Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 41.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.9% | +7.4% | +15.0% |
| 2022 | +50.4% | +38.4% | +9.1% |
| 2021 | +91.1% | +57.8% | +344.3% |
| 2020 | +14.7% | +25.4% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bike Library Inc 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 Library Inc 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 $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.5%.
Frequently Asked Questions about Bike Library Inc
Is Bike Library Inc a legitimate charity?
Bike Library Inc (EIN: 460957576) is a registered tax-exempt nonprofit based in Iowa. It has 5 years of IRS 990 filings on record. Total revenue: $424K. No red flags identified. Financial health grade: A.
How does Bike Library Inc spend its money?
Bike Library Inc reported $424K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bike Library Inc tax-deductible?
Bike Library Inc is registered as a tax-exempt nonprofit (EIN: 460957576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bike Library Inc located?
Bike Library Inc is headquartered in Iowa City, Iowa and files with the IRS under EIN 460957576. It is classified under NTEE code W99.
How many years of IRS 990 filings does Bike Library Inc have?
Bike Library Inc has 5 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 $424K in total revenue.
Filing History
IRS 990 filing history for Bike Library Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Bike Library Inc's revenue has grown by 298.5%, moving from $84K to $336K. Total assets increased by 444.5% over the same period, from $106K to $575K. Total functional expenses rose by 194.2%, from $83K to $243K. In its most recent filing year (2023), Bike Library Inc reported a surplus of $93K, with revenue exceeding expenses. The organization holds $319K in liabilities against $575K in assets (debt-to-asset ratio: 55.5%), resulting in net assets of $256K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $336K | $243K | $575K | $319K | — | — |
| 2022 | $278K | $227K | $500K | $337K | — | View 990 |
| 2021 | $185K | $164K | $459K | $347K | — | View 990 |
| 2020 | $97K | $104K | $103K | $13K | — | — |
| 2019 | $84K | $83K | $106K | $9K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $336K, expenses of $243K, and assets of $575K (revenue +20.9% year-over-year).
- 2022: Revenue of $278K, expenses of $227K, and assets of $500K (revenue +50.4% year-over-year).
- 2021: Revenue of $185K, expenses of $164K, and assets of $459K (revenue +91.1% year-over-year).
- 2020: Revenue of $97K, expenses of $104K, and assets of $103K (revenue +14.7% year-over-year).
- 2019: Revenue of $84K, expenses of $83K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bike Library Inc:
Data Sources and Methodology
This transparency report for Bike Library Inc 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.