Friends Of Momentum Bike Clubs
EIN: 471777235 · Greenville, SC · NTEE: O23
| Metric | Value |
|---|---|
| Total Revenue | $219K |
| Total Expenses | $364K |
| Net Assets | $163K |
Is Friends Of Momentum Bike Clubs Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Friends Of Momentum Bike Clubs
Friends Of Momentum Bike Clubs (EIN: 471777235) is a nonprofit organization based in Greenville, SC, classified under NTEE code O23. The organization reported total revenue of $219K and total assets of $116K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Momentum Bike Clubs's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Momentum Bike Clubs is a small nonprofit that has been operating for 12 years, with 8 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $233K |
| Total Expenses | $364K |
| Surplus / Deficit | $-131,619 |
| Total Assets | $163K |
| Net Assets | $163K |
| Operating Margin | -56.6% |
| Months of Reserves | 5.4 months |
Financial Health Grade: B
In 2023, Friends Of Momentum Bike Clubs reported a deficit of $132K with expenses exceeding revenue, holds 5.4 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2015–2023), Friends Of Momentum Bike Clubs's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.0% | +15.5% | -44.6% |
| 2022 | +13.2% | -23.1% | +70.3% |
| 2021 | -2.8% | +56.1% | -37.4% |
| 2020 | +23.6% | +1.7% | +23.8% |
| 2019 | -13.0% | +31.8% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Friends Of Momentum Bike Clubs 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 Friends Of Momentum Bike Clubs 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 $132K, with expenses exceeding revenue.
Frequently Asked Questions about Friends Of Momentum Bike Clubs
Is Friends Of Momentum Bike Clubs a legitimate charity?
Friends Of Momentum Bike Clubs (EIN: 471777235) is a registered tax-exempt nonprofit based in South Carolina. It has 8 years of IRS 990 filings on record. Total revenue: $219K. No red flags identified. Financial health grade: B.
How does Friends Of Momentum Bike Clubs spend its money?
Friends Of Momentum Bike Clubs reported $219K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Friends Of Momentum Bike Clubs tax-deductible?
Friends Of Momentum Bike Clubs is registered as a tax-exempt nonprofit (EIN: 471777235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Friends Of Momentum Bike Clubs located?
Friends Of Momentum Bike Clubs is headquartered in Greenville, South Carolina and files with the IRS under EIN 471777235. It is classified under NTEE code O23.
How many years of IRS 990 filings does Friends Of Momentum Bike Clubs have?
Friends Of Momentum Bike Clubs has 8 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 $219K in total revenue.
Filing History
IRS 990 filing history for Friends Of Momentum Bike Clubs showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), Friends Of Momentum Bike Clubs's revenue has grown by 136.7%, moving from $98K to $233K. Total assets increased by 176% over the same period, from $59K to $163K. Total functional expenses rose by 830.7%, from $39K to $364K. In its most recent filing year (2023), Friends Of Momentum Bike Clubs reported a deficit of $132K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $233K | $364K | $163K | $0 | — | — |
| 2022 | $347K | $315K | $295K | $0 | — | View 990 |
| 2021 | $307K | $410K | $173K | $0 | — | — |
| 2020 | $316K | $263K | $276K | $0 | — | View 990 |
| 2019 | $256K | $258K | $223K | $0 | — | View 990 |
| 2018 | $294K | $196K | $184K | $0 | — | View 990 |
| 2017 | $80K | $88K | $87K | $0 | — | View 990 |
| 2015 | $98K | $39K | $59K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $233K, expenses of $364K, and assets of $163K (revenue -33.0% year-over-year).
- 2022: Revenue of $347K, expenses of $315K, and assets of $295K (revenue +13.2% year-over-year).
- 2021: Revenue of $307K, expenses of $410K, and assets of $173K (revenue -2.8% year-over-year).
- 2020: Revenue of $316K, expenses of $263K, and assets of $276K (revenue +23.6% year-over-year).
- 2019: Revenue of $256K, expenses of $258K, and assets of $223K (revenue -13.0% year-over-year).
- 2018: Revenue of $294K, expenses of $196K, and assets of $184K (revenue +268.7% year-over-year).
- 2017: Revenue of $80K, expenses of $88K, and assets of $87K (revenue -18.9% year-over-year).
- 2015: Revenue of $98K, expenses of $39K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Momentum Bike Clubs:
Data Sources and Methodology
This transparency report for Friends Of Momentum Bike Clubs 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.