Free Bikes 4 Kidz Detroit
EIN: 824599631 · Glen Arbor, MI · NTEE: O99
| Metric | Value |
|---|---|
| Total Revenue | $297K |
| Total Expenses | $192K |
| Net Assets | $212K |
Is Free Bikes 4 Kidz Detroit Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Free Bikes 4 Kidz Detroit
Free Bikes 4 Kidz Detroit (EIN: 824599631) is a nonprofit organization based in Glen Arbor, MI, classified under NTEE code O99. The organization reported total revenue of $297K and total assets of $240K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Free Bikes 4 Kidz Detroit's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Free Bikes 4 Kidz Detroit is a small nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $192K |
| Surplus / Deficit | +$56K |
| Total Assets | $212K |
| Net Assets | $212K |
| Operating Margin | 22.6% |
| Months of Reserves | 13.3 months |
Financial Health Grade: A
In 2023, Free Bikes 4 Kidz Detroit reported a surplus of $56K with revenue exceeding expenses, holds 13.3 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2018–2023), Free Bikes 4 Kidz Detroit's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.9% | -28.3% | +35.8% |
| 2022 | +12.6% | +6.4% | +33.8% |
| 2021 | +32.1% | +67.1% | +20.4% |
| 2020 | -28.2% | -25.4% | +5.8% |
| 2019 | +70.9% | +58.5% | +128.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Free Bikes 4 Kidz Detroit 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 Free Bikes 4 Kidz Detroit 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 $56K, with revenue exceeding expenses.
Frequently Asked Questions about Free Bikes 4 Kidz Detroit
Is Free Bikes 4 Kidz Detroit a legitimate charity?
Based on AI analysis of IRS 990 filings, Free Bikes 4 Kidz Detroit (EIN: 824599631) insufficient data. 0 red flags identified, 0 strengths noted.
How does Free Bikes 4 Kidz Detroit spend its money?
Detailed spending breakdown data is not yet available for Free Bikes 4 Kidz Detroit. Check back for updated IRS 990 analysis.
Are donations to Free Bikes 4 Kidz Detroit tax-deductible?
Free Bikes 4 Kidz Detroit is registered as a tax-exempt nonprofit (EIN: 824599631). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Free Bikes 4 Kidz Detroit located?
Free Bikes 4 Kidz Detroit is headquartered in Glen Arbor, Michigan and files with the IRS under EIN 824599631. It is classified under NTEE code O99.
How many years of IRS 990 filings does Free Bikes 4 Kidz Detroit have?
Free Bikes 4 Kidz Detroit has 6 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 $297K in total revenue.
Filing History
IRS 990 filing history for Free Bikes 4 Kidz Detroit showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Free Bikes 4 Kidz Detroit's revenue has grown by 48%, moving from $167K to $248K. Total assets increased by 429.5% over the same period, from $40K to $212K. Total functional expenses rose by 50.7%, from $127K to $192K. In its most recent filing year (2023), Free Bikes 4 Kidz Detroit reported a surplus of $56K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $248K | $192K | $212K | $0 | — | View 990 |
| 2022 | $305K | $267K | $156K | $0 | — | View 990 |
| 2021 | $271K | $251K | $117K | $0 | — | — |
| 2020 | $205K | $151K | $97K | $0 | — | View 990 |
| 2019 | $286K | $202K | $92K | $0 | — | View 990 |
| 2018 | $167K | $127K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $248K, expenses of $192K, and assets of $212K (revenue -18.9% year-over-year).
- 2022: Revenue of $305K, expenses of $267K, and assets of $156K (revenue +12.6% year-over-year).
- 2021: Revenue of $271K, expenses of $251K, and assets of $117K (revenue +32.1% year-over-year).
- 2020: Revenue of $205K, expenses of $151K, and assets of $97K (revenue -28.2% year-over-year).
- 2019: Revenue of $286K, expenses of $202K, and assets of $92K (revenue +70.9% year-over-year).
- 2018: Revenue of $167K, expenses of $127K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Free Bikes 4 Kidz Detroit:
Data Sources and Methodology
This transparency report for Free Bikes 4 Kidz Detroit 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.