Second Cycle Community Bicycle Shop
EIN: 452637950 · Tacoma, WA · NTEE: N31
| Metric | Value |
|---|---|
| Total Revenue | $703K |
| Total Expenses | $479K |
| Net Assets | $95K |
Is Second Cycle Community Bicycle Shop Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Second Cycle Community Bicycle Shop
Second Cycle Community Bicycle Shop (EIN: 452637950) is a nonprofit organization based in Tacoma, WA, classified under NTEE code N31. The organization reported total revenue of $703K and total assets of $114K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Cycle Community Bicycle Shop's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Cycle Community Bicycle Shop is a small nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 31.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $511K |
| Total Expenses | $479K |
| Surplus / Deficit | +$32K |
| Total Assets | $130K |
| Total Liabilities | $35K |
| Net Assets | $95K |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 26.8% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2023, Second Cycle Community Bicycle Shop reported a surplus of $32K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 26.8% (moderate leverage).
Financial Trends
Over 10 years of filings (2014–2023), Second Cycle Community Bicycle Shop's revenue has grown at a compound annual growth rate (CAGR) of 31.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | -5.2% | +27.2% |
| 2022 | +1.9% | -0.6% | -20.2% |
| 2021 | +10.0% | +14.5% | -34.8% |
| 2020 | +22.7% | +47.9% | +11.1% |
| 2019 | +8.4% | +10.5% | +32.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Second Cycle Community Bicycle Shop 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 Second Cycle Community Bicycle Shop 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.8%.
Frequently Asked Questions about Second Cycle Community Bicycle Shop
Is Second Cycle Community Bicycle Shop a legitimate charity?
Second Cycle Community Bicycle Shop (EIN: 452637950) is a registered tax-exempt nonprofit based in Washington. It has 10 years of IRS 990 filings on record. Total revenue: $703K. No red flags identified. Financial health grade: A.
How does Second Cycle Community Bicycle Shop spend its money?
Second Cycle Community Bicycle Shop reported $703K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Second Cycle Community Bicycle Shop tax-deductible?
Second Cycle Community Bicycle Shop is registered as a tax-exempt nonprofit (EIN: 452637950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Second Cycle Community Bicycle Shop located?
Second Cycle Community Bicycle Shop is headquartered in Tacoma, Washington and files with the IRS under EIN 452637950. It is classified under NTEE code N31.
How many years of IRS 990 filings does Second Cycle Community Bicycle Shop have?
Second Cycle Community Bicycle Shop has 10 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 $703K in total revenue.
Filing History
IRS 990 filing history for Second Cycle Community Bicycle Shop showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Second Cycle Community Bicycle Shop's revenue has grown by 1033%, moving from $45K to $511K. Total assets increased by 2035.4% over the same period, from $6K to $130K. Total functional expenses rose by 1241.5%, from $36K to $479K. In its most recent filing year (2023), Second Cycle Community Bicycle Shop reported a surplus of $32K, with revenue exceeding expenses. The organization holds $35K in liabilities against $130K in assets (debt-to-asset ratio: 26.8%), resulting in net assets of $95K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $511K | $479K | $130K | $35K | — | — |
| 2022 | $470K | $505K | $102K | $39K | — | View 990 |
| 2021 | $461K | $508K | $128K | $29K | — | View 990 |
| 2020 | $419K | $444K | $196K | $50K | — | View 990 |
| 2019 | $342K | $300K | $177K | $5K | — | View 990 |
| 2018 | $315K | $272K | $133K | $4K | — | View 990 |
| 2017 | $245K | $222K | $103K | $17K | — | View 990 |
| 2016 | $149K | $126K | $79K | $0 | — | View 990 |
| 2015 | $131K | $80K | $69K | $9K | — | View 990 |
| 2014 | $45K | $36K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $511K, expenses of $479K, and assets of $130K (revenue +8.7% year-over-year).
- 2022: Revenue of $470K, expenses of $505K, and assets of $102K (revenue +1.9% year-over-year).
- 2021: Revenue of $461K, expenses of $508K, and assets of $128K (revenue +10.0% year-over-year).
- 2020: Revenue of $419K, expenses of $444K, and assets of $196K (revenue +22.7% year-over-year).
- 2019: Revenue of $342K, expenses of $300K, and assets of $177K (revenue +8.4% year-over-year).
- 2018: Revenue of $315K, expenses of $272K, and assets of $133K (revenue +28.8% year-over-year).
- 2017: Revenue of $245K, expenses of $222K, and assets of $103K (revenue +64.1% year-over-year).
- 2016: Revenue of $149K, expenses of $126K, and assets of $79K (revenue +14.0% year-over-year).
- 2015: Revenue of $131K, expenses of $80K, and assets of $69K (revenue +190.2% year-over-year).
- 2014: Revenue of $45K, expenses of $36K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Cycle Community Bicycle Shop:
Data Sources and Methodology
This transparency report for Second Cycle Community Bicycle Shop 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.