Globalbike Inc
Globalbike Inc. operates with no reported officer compensation and zero liabilities, showing fluctuating but generally balanced finances.
EIN: 208387372 · Washington, DC · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $267K |
| Program Spending | 85% |
| Net Assets | $54K |
| Transparency Score | 85/100 |
Is Globalbike Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Globalbike Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Globalbike Inc
Globalbike Inc (EIN: 208387372) is a nonprofit organization based in Washington, DC, classified under NTEE code E60. The organization reported total revenue of $91K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Globalbike Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Globalbike Inc is a micro nonprofit that has been operating for 17 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 16.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $293K |
| Total Expenses | $267K |
| Surplus / Deficit | +$27K |
| Total Assets | $54K |
| Net Assets | $54K |
| Operating Margin | 9.1% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2022, Globalbike Inc reported a surplus of $27K with revenue exceeding expenses, holds 2.4 months of operating reserves (limited).
Financial Trends
Over 11 years of filings (2011–2022), Globalbike Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +273.4% | +233.4% | +98.0% |
| 2021 | -30.0% | -31.6% | -5.0% |
| 2020 | -8.4% | -21.8% | -14.4% |
| 2019 | +7.9% | +35.5% | -44.7% |
| 2018 | +1.6% | -0.1% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Globalbike Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Globalbike Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
Executive Compensation Analysis
Globalbike Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Globalbike Inc's IRS 990 filings:
- Fluctuating revenue, making long-term financial planning potentially challenging
- Modest asset base, limiting significant reserves for unexpected events
Strengths
The following positive indicators were identified for Globalbike Inc:
- Zero reported officer compensation, indicating high efficiency and volunteer leadership
- Consistently reports zero liabilities, demonstrating strong financial management and no debt
- Consistent IRS 990 filing history, showing commitment to transparency
- Expenses generally align with revenue, indicating responsible spending
- Positive surplus in the most recent 2022 filing ($26,667)
Frequently Asked Questions about Globalbike Inc
Is Globalbike Inc a legitimate charity?
Globalbike Inc (EIN: 208387372) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $91K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Globalbike Inc spend its money?
Globalbike Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Globalbike Inc tax-deductible?
Globalbike Inc is registered as a tax-exempt nonprofit (EIN: 208387372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Globalbike Inc's spending goes to programs?
Globalbike Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Globalbike Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Globalbike Inc is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Globalbike Inc located?
Globalbike Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 208387372. It is classified under NTEE code E60.
How many years of IRS 990 filings does Globalbike Inc have?
Globalbike Inc 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 $91K in total revenue.
Is Globalbike Inc. financially stable?
Globalbike Inc. demonstrates reasonable financial stability, consistently managing expenses close to revenue. While revenue fluctuates, the organization maintains zero liabilities and has a positive net asset position, indicating it can cover its obligations. The 2022 filing shows a surplus of $26,667, which is a good sign.
How does Globalbike Inc. manage executive compensation?
Globalbike Inc. reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership is not compensated through traditional officer salaries, which is a highly efficient practice for a nonprofit.
What is Globalbike Inc.'s asset base?
Globalbike Inc.'s assets have fluctuated, reaching a high of $68,601 in 2016 and currently standing at $53,878 as of the 2022 filing. This indicates a modest but stable asset base for its operational scale.
Does Globalbike Inc. carry any debt?
No, Globalbike Inc. consistently reports $0 in liabilities across all available IRS 990 filings, indicating a debt-free financial position.
Filing History
IRS 990 filing history for Globalbike Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Globalbike Inc's revenue has grown by 453.2%, moving from $53K to $293K. Total assets increased by 234.5% over the same period, from $16K to $54K. Total functional expenses rose by 296.1%, from $67K to $267K. In its most recent filing year (2022), Globalbike Inc reported a surplus of $27K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $293K | $267K | $54K | $0 | — | — |
| 2021 | $79K | $80K | $27K | $0 | — | View 990 |
| 2020 | $112K | $117K | $29K | $0 | — | View 990 |
| 2019 | $123K | $150K | $33K | $0 | — | View 990 |
| 2018 | $113K | $110K | $61K | $0 | — | View 990 |
| 2017 | $112K | $110K | $63K | $0 | — | View 990 |
| 2016 | $94K | $86K | $69K | $0 | — | View 990 |
| 2015 | $153K | $133K | $61K | $0 | — | View 990 |
| 2014 | $96K | $86K | $41K | $0 | — | View 990 |
| 2013 | $153K | $178K | $30K | $0 | — | View 990 |
| 2011 | $53K | $67K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $293K, expenses of $267K, and assets of $54K (revenue +273.4% year-over-year).
- 2021: Revenue of $79K, expenses of $80K, and assets of $27K (revenue -30.0% year-over-year).
- 2020: Revenue of $112K, expenses of $117K, and assets of $29K (revenue -8.4% year-over-year).
- 2019: Revenue of $123K, expenses of $150K, and assets of $33K (revenue +7.9% year-over-year).
- 2018: Revenue of $113K, expenses of $110K, and assets of $61K (revenue +1.6% year-over-year).
- 2017: Revenue of $112K, expenses of $110K, and assets of $63K (revenue +18.6% year-over-year).
- 2016: Revenue of $94K, expenses of $86K, and assets of $69K (revenue -38.3% year-over-year).
- 2015: Revenue of $153K, expenses of $133K, and assets of $61K (revenue +58.4% year-over-year).
- 2014: Revenue of $96K, expenses of $86K, and assets of $41K (revenue -36.8% year-over-year).
- 2013: Revenue of $153K, expenses of $178K, and assets of $30K (revenue +187.5% year-over-year).
- 2011: Revenue of $53K, expenses of $67K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Globalbike Inc:
Data Sources and Methodology
This transparency report for Globalbike 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.