Peopleforbikes Foundation
Peopleforbikes Foundation faces multi-year operating deficits and declining assets.
EIN: 204306888 · Boulder, CO · NTEE: T30 · Updated: 2026-03-28
Is Peopleforbikes Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peopleforbikes Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Peopleforbikes Foundation
Peopleforbikes Foundation (EIN: 204306888) is a nonprofit organization based in Boulder, CO, classified under NTEE code T30. The organization reported total revenue of $2.6M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peopleforbikes Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peopleforbikes Foundation is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-710,692 |
| Total Assets | $2.1M |
| Total Liabilities | $108K |
| Net Assets | $2.0M |
| Operating Margin | -22.2% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 6.4 months |
Financial Health Grade: B
In 2023, Peopleforbikes Foundation reported a deficit of $711K with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peopleforbikes Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.0% | -4.9% | -26.1% |
| 2022 | -23.5% | -49.9% | -26.6% |
| 2021 | -37.4% | +13.6% | -47.5% |
| 2020 | +20.5% | +21.2% | +4.7% |
| 2019 | -28.3% | +43.9% | +7.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Peopleforbikes Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Peopleforbikes Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $711K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
The organization consistently reports 0% for officer compensation across all available filings, indicating that no direct compensation is paid to officers from the foundation's funds, which is a strong positive for transparency and resource allocation.
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 Peopleforbikes Foundation's IRS 990 filings:
- Consistent multi-year operating deficits (e.g., 2023: -$710,700; 2022: -$473,926; 2021: -$3,450,867)
- Significant decline in assets from $7,301,307 in 2020 to $2,078,902 in 2023
- Expenses in 2021 ($8,198,415) were nearly double the revenue ($4,747,548)
Strengths
The following positive indicators were identified for Peopleforbikes Foundation:
- Consistent IRS 990 filing history (13 filings) demonstrating transparency and compliance
- 0% reported officer compensation across all filings, indicating efficient use of funds for leadership or alternative compensation structures
- Long operational history since at least 2014
Frequently Asked Questions about Peopleforbikes Foundation
Is Peopleforbikes Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Peopleforbikes Foundation (EIN: 204306888) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Peopleforbikes Foundation spend its money?
Peopleforbikes Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peopleforbikes Foundation tax-deductible?
Peopleforbikes Foundation is registered as a tax-exempt nonprofit (EIN: 204306888). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Peopleforbikes Foundation financially sustainable given recent deficits?
The foundation has reported expenses exceeding revenue for the past three years (2021-2023), leading to a significant decline in assets from $7,301,307 in 2020 to $2,078,902 in 2023. This trend raises concerns about long-term financial sustainability if not reversed.
Why is officer compensation consistently reported as 0%?
Reporting 0% for officer compensation across all filings suggests that either officers are uncompensated volunteers, or their compensation is covered by a related entity and not directly reported on the foundation's 990, which would require further investigation to fully understand.
What caused the significant drop in assets from 2020 to 2023?
Assets decreased from $7,301,307 in 2020 to $2,078,902 in 2023. This decline is likely due to the consistent operational deficits where expenses significantly outpaced revenue, particularly in 2021 where expenses were $8,198,415 against revenues of $4,747,548.
Filing History
IRS 990 filing history for Peopleforbikes Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peopleforbikes Foundation's revenue has grown by 3.3%, moving from $3.1M to $3.2M. Total assets increased by 227.8% over the same period, from $634K to $2.1M. Total functional expenses rose by 39.8%, from $2.8M to $3.9M. In its most recent filing year (2023), Peopleforbikes Foundation reported a deficit of $711K, with expenses exceeding revenue. The organization holds $108K in liabilities against $2.1M in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.9M | $2.1M | $108K | — | — |
| 2022 | $3.6M | $4.1M | $2.8M | $133K | — | View 990 |
| 2021 | $4.7M | $8.2M | $3.8M | $214K | — | View 990 |
| 2020 | $7.6M | $7.2M | $7.3M | $228K | — | View 990 |
| 2019 | $6.3M | $6.0M | $7.0M | $245K | — | View 990 |
| 2018 | $8.8M | $4.1M | $6.5M | $88K | — | View 990 |
| 2017 | $3.5M | $2.9M | $1.8M | $18K | — | View 990 |
| 2016 | $2.7M | $2.4M | $1.2M | $100K | — | View 990 |
| 2015 | $2.6M | $2.5M | $869K | $6K | — | View 990 |
| 2014 | $2.5M | $3.8M | $777K | $34K | — | View 990 |
| 2013 | $3.7M | $4.4M | $2.1M | $29K | — | View 990 |
| 2012 | $5.6M | $3.5M | $2.7M | $28K | — | View 990 |
| 2011 | $3.1M | $2.8M | $634K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.9M, and assets of $2.1M (revenue -12.0% year-over-year).
- 2022: Revenue of $3.6M, expenses of $4.1M, and assets of $2.8M (revenue -23.5% year-over-year).
- 2021: Revenue of $4.7M, expenses of $8.2M, and assets of $3.8M (revenue -37.4% year-over-year).
- 2020: Revenue of $7.6M, expenses of $7.2M, and assets of $7.3M (revenue +20.5% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.0M, and assets of $7.0M (revenue -28.3% year-over-year).
- 2018: Revenue of $8.8M, expenses of $4.1M, and assets of $6.5M (revenue +149.2% year-over-year).
- 2017: Revenue of $3.5M, expenses of $2.9M, and assets of $1.8M (revenue +32.5% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.4M, and assets of $1.2M (revenue +0.6% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.5M, and assets of $869K (revenue +7.4% year-over-year).
- 2014: Revenue of $2.5M, expenses of $3.8M, and assets of $777K (revenue -33.5% year-over-year).
- 2013: Revenue of $3.7M, expenses of $4.4M, and assets of $2.1M (revenue -34.4% year-over-year).
- 2012: Revenue of $5.6M, expenses of $3.5M, and assets of $2.7M (revenue +82.3% year-over-year).
- 2011: Revenue of $3.1M, expenses of $2.8M, and assets of $634K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peopleforbikes Foundation:
Data Sources and Methodology
This transparency report for Peopleforbikes Foundation 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.