Three Oaks Spokes Bicycle Club
EIN: 237371445 · Three Oaks, MI · NTEE: A50Z
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $270K |
| Net Assets | $-163,309 |
Is Three Oaks Spokes Bicycle Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Three Oaks Spokes Bicycle Club
Three Oaks Spokes Bicycle Club (EIN: 237371445) is a nonprofit organization based in Three Oaks, MI, classified under NTEE code A50Z. The organization reported total revenue of $241K and total assets of $208K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Three Oaks Spokes Bicycle Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Three Oaks Spokes Bicycle Club is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $270K |
| Surplus / Deficit | $-60,032 |
| Total Assets | $213K |
| Total Liabilities | $376K |
| Net Assets | $-163,309 |
| Operating Margin | -28.6% |
| Debt-to-Asset Ratio | 176.6% |
| Months of Reserves | 9.5 months |
Financial Health Grade: C
In 2023, Three Oaks Spokes Bicycle Club reported a deficit of $60K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 176.6% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Three Oaks Spokes Bicycle Club's revenue has declined at a compound annual growth rate (CAGR) of -2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.9% | -3.7% | -14.8% |
| 2022 | +0.0% | +30.7% | -15.2% |
| 2021 | +1359.3% | +91.5% | +51.6% |
| 2020 | -93.3% | -56.9% | +4.0% |
| 2019 | +2.6% | -4.1% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Three Oaks Spokes Bicycle Club 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 Three Oaks Spokes Bicycle Club 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 deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 176.6%.
Frequently Asked Questions about Three Oaks Spokes Bicycle Club
Is Three Oaks Spokes Bicycle Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Three Oaks Spokes Bicycle Club (EIN: 237371445) insufficient data. 0 red flags identified, 0 strengths noted.
How does Three Oaks Spokes Bicycle Club spend its money?
Detailed spending breakdown data is not yet available for Three Oaks Spokes Bicycle Club. Check back for updated IRS 990 analysis.
Are donations to Three Oaks Spokes Bicycle Club tax-deductible?
Three Oaks Spokes Bicycle Club is registered as a tax-exempt nonprofit (EIN: 237371445). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Three Oaks Spokes Bicycle Club located?
Three Oaks Spokes Bicycle Club is headquartered in Three Oaks, Michigan and files with the IRS under EIN 237371445. It is classified under NTEE code A50Z.
How many years of IRS 990 filings does Three Oaks Spokes Bicycle Club have?
Three Oaks Spokes Bicycle Club has 12 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 $241K in total revenue.
Filing History
IRS 990 filing history for Three Oaks Spokes Bicycle Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Three Oaks Spokes Bicycle Club's revenue has declined by 25.9%, moving from $283K to $210K. Total assets decreased by 0.6% over the same period, from $214K to $213K. Total functional expenses fell by 5.3%, from $285K to $270K. In its most recent filing year (2023), Three Oaks Spokes Bicycle Club reported a deficit of $60K, with expenses exceeding revenue. The organization holds $376K in liabilities against $213K in assets (debt-to-asset ratio: 176.6%), resulting in net assets of $-163,309.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $270K | $213K | $376K | — | — |
| 2022 | $241K | $280K | $250K | $353K | — | View 990 |
| 2021 | $241K | $215K | $295K | $359K | — | View 990 |
| 2020 | $17K | $112K | $194K | $285K | — | View 990 |
| 2019 | $246K | $260K | $187K | $182K | — | View 990 |
| 2017 | $240K | $271K | $196K | $176K | — | View 990 |
| 2016 | $250K | $276K | $223K | $172K | — | View 990 |
| 2015 | $281K | $264K | $224K | $146K | — | View 990 |
| 2014 | $256K | $269K | $239K | $178K | — | View 990 |
| 2013 | $275K | $289K | $244K | $171K | — | View 990 |
| 2012 | $263K | $285K | $209K | $122K | — | View 990 |
| 2011 | $283K | $285K | $214K | $106K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $270K, and assets of $213K (revenue -12.9% year-over-year).
- 2022: Revenue of $241K, expenses of $280K, and assets of $250K (revenue +0.0% year-over-year).
- 2021: Revenue of $241K, expenses of $215K, and assets of $295K (revenue +1359.3% year-over-year).
- 2020: Revenue of $17K, expenses of $112K, and assets of $194K (revenue -93.3% year-over-year).
- 2019: Revenue of $246K, expenses of $260K, and assets of $187K (revenue +2.6% year-over-year).
- 2017: Revenue of $240K, expenses of $271K, and assets of $196K (revenue -3.9% year-over-year).
- 2016: Revenue of $250K, expenses of $276K, and assets of $223K (revenue -11.1% year-over-year).
- 2015: Revenue of $281K, expenses of $264K, and assets of $224K (revenue +9.6% year-over-year).
- 2014: Revenue of $256K, expenses of $269K, and assets of $239K (revenue -6.8% year-over-year).
- 2013: Revenue of $275K, expenses of $289K, and assets of $244K (revenue +4.4% year-over-year).
- 2012: Revenue of $263K, expenses of $285K, and assets of $209K (revenue -7.0% year-over-year).
- 2011: Revenue of $283K, expenses of $285K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Three Oaks Spokes Bicycle Club:
Data Sources and Methodology
This transparency report for Three Oaks Spokes Bicycle Club 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.