Second Life Bikes
EIN: 273484801 · Asbury Park, NJ · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $467K |
| Total Expenses | $454K |
| Net Assets | $276K |
Is Second Life Bikes Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Second Life Bikes
Second Life Bikes (EIN: 273484801) is a nonprofit organization based in Asbury Park, NJ, classified under NTEE code O50. The organization reported total revenue of $467K and total assets of $562K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Life Bikes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Life Bikes is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $473K |
| Total Expenses | $454K |
| Surplus / Deficit | +$20K |
| Total Assets | $345K |
| Total Liabilities | $70K |
| Net Assets | $276K |
| Operating Margin | 4.2% |
| Debt-to-Asset Ratio | 20.2% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Second Life Bikes reported a surplus of $20K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 20.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Second Life Bikes's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.5% | +6.2% | +11.1% |
| 2022 | -12.9% | -2.3% | +15.9% |
| 2021 | +2.8% | -0.1% | +23.0% |
| 2020 | +13.7% | +4.5% | +17.4% |
| 2019 | -0.2% | +3.9% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Second Life Bikes 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 Life Bikes 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.2%.
Frequently Asked Questions about Second Life Bikes
Is Second Life Bikes a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Life Bikes (EIN: 273484801) insufficient data. 0 red flags identified, 0 strengths noted.
How does Second Life Bikes spend its money?
Detailed spending breakdown data is not yet available for Second Life Bikes. Check back for updated IRS 990 analysis.
Are donations to Second Life Bikes tax-deductible?
Second Life Bikes is registered as a tax-exempt nonprofit (EIN: 273484801). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Second Life Bikes located?
Second Life Bikes is headquartered in Asbury Park, New Jersey and files with the IRS under EIN 273484801. It is classified under NTEE code O50.
How many years of IRS 990 filings does Second Life Bikes have?
Second Life 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 $467K in total revenue.
Filing History
IRS 990 filing history for Second Life Bikes showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Second Life Bikes's revenue has grown by 342.8%, moving from $107K to $473K. Total assets increased by 527.2% over the same period, from $55K to $345K. Total functional expenses rose by 370.1%, from $96K to $454K. In its most recent filing year (2023), Second Life Bikes reported a surplus of $20K, with revenue exceeding expenses. The organization holds $70K in liabilities against $345K in assets (debt-to-asset ratio: 20.2%), resulting in net assets of $276K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $473K | $454K | $345K | $70K | — | — |
| 2022 | $421K | $427K | $311K | $55K | — | — |
| 2021 | $483K | $437K | $268K | $7K | — | View 990 |
| 2020 | $470K | $438K | $218K | $3K | — | View 990 |
| 2019 | $413K | $419K | $186K | $2K | — | View 990 |
| 2018 | $414K | $403K | $191K | $2K | — | View 990 |
| 2017 | $362K | $380K | $181K | $2K | — | View 990 |
| 2016 | $408K | $389K | $196K | $308 | — | View 990 |
| 2015 | $341K | $327K | $178K | $2K | — | View 990 |
| 2014 | $369K | $270K | $163K | $403 | — | View 990 |
| 2013 | $193K | $189K | $68K | $4K | — | View 990 |
| 2012 | $155K | $142K | $63K | $3K | — | View 990 |
| 2011 | $107K | $96K | $55K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $473K, expenses of $454K, and assets of $345K (revenue +12.5% year-over-year).
- 2022: Revenue of $421K, expenses of $427K, and assets of $311K (revenue -12.9% year-over-year).
- 2021: Revenue of $483K, expenses of $437K, and assets of $268K (revenue +2.8% year-over-year).
- 2020: Revenue of $470K, expenses of $438K, and assets of $218K (revenue +13.7% year-over-year).
- 2019: Revenue of $413K, expenses of $419K, and assets of $186K (revenue -0.2% year-over-year).
- 2018: Revenue of $414K, expenses of $403K, and assets of $191K (revenue +14.2% year-over-year).
- 2017: Revenue of $362K, expenses of $380K, and assets of $181K (revenue -11.2% year-over-year).
- 2016: Revenue of $408K, expenses of $389K, and assets of $196K (revenue +19.8% year-over-year).
- 2015: Revenue of $341K, expenses of $327K, and assets of $178K (revenue -7.6% year-over-year).
- 2014: Revenue of $369K, expenses of $270K, and assets of $163K (revenue +91.0% year-over-year).
- 2013: Revenue of $193K, expenses of $189K, and assets of $68K (revenue +24.8% year-over-year).
- 2012: Revenue of $155K, expenses of $142K, and assets of $63K (revenue +44.8% year-over-year).
- 2011: Revenue of $107K, expenses of $96K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Life Bikes:
Data Sources and Methodology
This transparency report for Second Life 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.