Phoenix Bikes
Phoenix Bikes shows consistent revenue growth and strong program spending efficiency.
EIN: 208842260 · Arlington, VA · NTEE: N99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $702K |
| Total Expenses | $665K |
| Program Spending | 80% |
| Net Assets | $481K |
| Transparency Score | 92/100 |
Is Phoenix Bikes Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Phoenix Bikes directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Phoenix Bikes
Phoenix Bikes (EIN: 208842260) is a nonprofit organization based in Arlington, VA, classified under NTEE code N99. The organization reported total revenue of $702K and total assets of $527K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phoenix Bikes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Phoenix Bikes is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $754K |
| Total Expenses | $665K |
| Surplus / Deficit | +$90K |
| Total Assets | $492K |
| Total Liabilities | $12K |
| Net Assets | $481K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Phoenix Bikes reported a surplus of $90K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Phoenix Bikes's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +15.2% | +3.1% |
| 2022 | +26.1% | +38.4% | +13.6% |
| 2021 | +12.2% | +7.7% | +5.7% |
| 2020 | +22.2% | +2.8% | +56.8% |
| 2019 | +9.5% | +10.8% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Phoenix Bikes with a Mission Score of 92 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Phoenix Bikes allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Phoenix Bikes consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds to programs.
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.
Strengths
The following positive indicators were identified for Phoenix Bikes:
- Strong program spending ratio (e.g., 80% in 2023)
- Consistent revenue growth over multiple years (from $369,839 in 2019 to $754,357 in 2023)
- Healthy asset growth and low liabilities (Assets $492,449 vs. Liabilities $11,568 in 2023)
- 0% officer compensation reported across all filings, indicating high transparency and resource allocation to mission.
- Positive net income in most recent years (e.g., $89,735 in 2023, $62,927 in 2022)
Frequently Asked Questions about Phoenix Bikes
Is Phoenix Bikes a legitimate charity?
Phoenix Bikes (EIN: 208842260) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $702K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Phoenix Bikes spend its money?
Phoenix Bikes directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Phoenix Bikes tax-deductible?
Phoenix Bikes is registered as a tax-exempt nonprofit (EIN: 208842260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Phoenix Bikes's spending goes to programs?
Phoenix Bikes directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Phoenix Bikes compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Phoenix Bikes is above average for NTEE category N99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Phoenix Bikes located?
Phoenix Bikes is headquartered in Arlington, Virginia and files with the IRS under EIN 208842260. It is classified under NTEE code N99.
How many years of IRS 990 filings does Phoenix Bikes have?
Phoenix Bikes has 13 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 $702K in total revenue.
Is Phoenix Bikes a good charity?
Based on its financial data, Phoenix Bikes appears to be a very good charity. It consistently allocates a high percentage of its expenses to program services (e.g., 80% in 2023), demonstrates steady revenue growth, and maintains low liabilities, all while reporting 0% officer compensation.
How has Phoenix Bikes' revenue trended over the past few years?
Phoenix Bikes has shown strong revenue growth, increasing from $369,839 in 2019 to $754,357 in 2023, indicating increasing support and operational scale.
What is Phoenix Bikes' financial stability like?
Phoenix Bikes exhibits strong financial stability, with assets growing to $492,449 in 2023 and liabilities remaining very low at $11,568 in the same period, suggesting a healthy balance sheet.
Filing History
IRS 990 filing history for Phoenix Bikes showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Phoenix Bikes's revenue has grown by 321%, moving from $179K to $754K. Total assets increased by 575.9% over the same period, from $73K to $492K. Total functional expenses rose by 253.4%, from $188K to $665K. In its most recent filing year (2023), Phoenix Bikes reported a surplus of $90K, with revenue exceeding expenses. The organization holds $12K in liabilities against $492K in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $481K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $754K | $665K | $492K | $12K | — | — |
| 2022 | $640K | $577K | $478K | $6K | — | View 990 |
| 2021 | $507K | $417K | $421K | $11K | — | View 990 |
| 2020 | $452K | $387K | $398K | $79K | — | — |
| 2019 | $370K | $377K | $254K | $0 | — | View 990 |
| 2018 | $338K | $340K | $260K | $0 | — | — |
| 2017 | $470K | $368K | $287K | $0 | — | — |
| 2016 | $352K | $304K | $185K | $0 | — | View 990 |
| 2015 | $311K | $309K | $138K | $0 | — | View 990 |
| 2014 | $297K | $288K | $148K | $1K | — | View 990 |
| 2013 | $288K | $244K | $145K | $8K | — | View 990 |
| 2012 | $197K | $178K | $106K | $14K | — | View 990 |
| 2011 | $179K | $188K | $73K | $-194 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $754K, expenses of $665K, and assets of $492K (revenue +17.9% year-over-year).
- 2022: Revenue of $640K, expenses of $577K, and assets of $478K (revenue +26.1% year-over-year).
- 2021: Revenue of $507K, expenses of $417K, and assets of $421K (revenue +12.2% year-over-year).
- 2020: Revenue of $452K, expenses of $387K, and assets of $398K (revenue +22.2% year-over-year).
- 2019: Revenue of $370K, expenses of $377K, and assets of $254K (revenue +9.5% year-over-year).
- 2018: Revenue of $338K, expenses of $340K, and assets of $260K (revenue -28.1% year-over-year).
- 2017: Revenue of $470K, expenses of $368K, and assets of $287K (revenue +33.4% year-over-year).
- 2016: Revenue of $352K, expenses of $304K, and assets of $185K (revenue +13.3% year-over-year).
- 2015: Revenue of $311K, expenses of $309K, and assets of $138K (revenue +4.6% year-over-year).
- 2014: Revenue of $297K, expenses of $288K, and assets of $148K (revenue +3.0% year-over-year).
- 2013: Revenue of $288K, expenses of $244K, and assets of $145K (revenue +46.3% year-over-year).
- 2012: Revenue of $197K, expenses of $178K, and assets of $106K (revenue +10.0% year-over-year).
- 2011: Revenue of $179K, expenses of $188K, and assets of $73K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Phoenix Bikes:
Data Sources and Methodology
This transparency report for Phoenix Bikes 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.