Urban Bike Project Of Wilmingtoninc
Urban Bike Project Of Wilmingtoninc shows consistent asset growth and zero officer compensation, despite recent operating deficits.
EIN: 205837287 · Wilmington, DE · NTEE: B990 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $178K |
| Total Expenses | $230K |
| Program Spending | 80% |
| Net Assets | $592K |
| Transparency Score | 85/100 |
Is Urban Bike Project Of Wilmingtoninc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Urban Bike Project Of Wilmingtoninc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Urban Bike Project Of Wilmingtoninc
Urban Bike Project Of Wilmingtoninc (EIN: 205837287) is a nonprofit organization based in Wilmington, DE, classified under NTEE code B990. The organization reported total revenue of $178K and total assets of $548K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Urban Bike Project Of Wilmingtoninc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Urban Bike Project Of Wilmingtoninc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $230K |
| Surplus / Deficit | $-4,921 |
| Total Assets | $592K |
| Net Assets | $592K |
| Operating Margin | -2.2% |
| Months of Reserves | 30.9 months |
Financial Health Grade: B
In 2023, Urban Bike Project Of Wilmingtoninc reported a deficit of $5K with expenses exceeding revenue, holds 30.9 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2015–2023), Urban Bike Project Of Wilmingtoninc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.5% | -10.5% | +0.4% |
| 2022 | -33.8% | +44.7% | -17.3% |
| 2021 | -30.9% | +35.6% | +5.9% |
| 2020 | +2.3% | +9.0% | +21.5% |
| 2019 | +67.1% | +21.1% | +50.6% |
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 Urban Bike Project Of Wilmingtoninc with a Mission Score of 85 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, Urban Bike Project Of Wilmingtoninc 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 deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are either uncompensated or compensated through mechanisms not categorized as officer compensation, which is highly favorable for donor perception 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 Urban Bike Project Of Wilmingtoninc's IRS 990 filings:
- Operating deficits in the last two reported periods (2022 and 2023), with expenses exceeding revenue by $98,210 and $4,921 respectively.
- Significant year-over-year revenue volatility, dropping from $348,156 in 2020 to $159,251 in 2022.
Strengths
The following positive indicators were identified for Urban Bike Project Of Wilmingtoninc:
- Zero officer compensation reported across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Consistent growth in assets, from $78,544 in 2015 to $592,191 in 2023, demonstrating strong financial management and stability.
- Zero liabilities reported in the most recent two periods (2022 and 2023), indicating a healthy balance sheet.
- Strong asset base relative to annual expenses, providing a buffer for operational needs.
Frequently Asked Questions about Urban Bike Project Of Wilmingtoninc
Is Urban Bike Project Of Wilmingtoninc a legitimate charity?
Urban Bike Project Of Wilmingtoninc (EIN: 205837287) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $178K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Urban Bike Project Of Wilmingtoninc spend its money?
Urban Bike Project Of Wilmingtoninc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Urban Bike Project Of Wilmingtoninc tax-deductible?
Urban Bike Project Of Wilmingtoninc is registered as a tax-exempt nonprofit (EIN: 205837287). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Urban Bike Project Of Wilmingtoninc's spending goes to programs?
Urban Bike Project Of Wilmingtoninc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Urban Bike Project Of Wilmingtoninc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Urban Bike Project Of Wilmingtoninc is above average for NTEE category B990 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Urban Bike Project Of Wilmingtoninc located?
Urban Bike Project Of Wilmingtoninc is headquartered in Wilmington, Delaware and files with the IRS under EIN 205837287. It is classified under NTEE code B990.
How many years of IRS 990 filings does Urban Bike Project Of Wilmingtoninc have?
Urban Bike Project Of Wilmingtoninc 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 $178K in total revenue.
Is Urban Bike Project Of Wilmingtoninc financially sustainable given recent deficits?
While the organization experienced operating deficits in 2022 ($98,210) and 2023 ($4,921), its substantial assets of $592,191 in 2023 and zero liabilities suggest it has reserves to cover these shortfalls. However, sustained deficits would require attention to revenue generation or expense management.
How does the organization fund its operations without officer compensation?
The absence of reported officer compensation suggests that leadership may be volunteer-based, or compensated through other means not classified as officer compensation on the 990, allowing more funds to be directed towards programs.
What caused the significant revenue fluctuation between 2020 ($348,156) and 2022 ($159,251)?
The provided data does not specify the reasons for revenue fluctuations. This could be due to varying grant cycles, fundraising success, or changes in program activities. Further investigation into their funding sources would be needed.
Filing History
IRS 990 filing history for Urban Bike Project Of Wilmingtoninc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2023), Urban Bike Project Of Wilmingtoninc's revenue has grown by 202.9%, moving from $74K to $225K. Total assets increased by 654% over the same period, from $79K to $592K. Total functional expenses rose by 445.6%, from $42K to $230K. In its most recent filing year (2023), Urban Bike Project Of Wilmingtoninc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $225K | $230K | $592K | $0 | — | — |
| 2022 | $159K | $257K | $590K | $0 | — | View 990 |
| 2021 | $241K | $178K | $714K | $27K | — | View 990 |
| 2020 | $348K | $131K | $674K | $52K | — | View 990 |
| 2019 | $340K | $120K | $555K | $146K | — | View 990 |
| 2018 | $204K | $99K | $368K | $0 | — | View 990 |
| 2017 | $0 | $0 | $0 | $0 | — | View 990 |
| 2017 | $60K | $71K | $57K | $0 | — | View 990 |
| 2016 | $60K | $71K | $57K | $0 | — | View 990 |
| 2015 | $74K | $42K | $79K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $225K, expenses of $230K, and assets of $592K (revenue +41.5% year-over-year).
- 2022: Revenue of $159K, expenses of $257K, and assets of $590K (revenue -33.8% year-over-year).
- 2021: Revenue of $241K, expenses of $178K, and assets of $714K (revenue -30.9% year-over-year).
- 2020: Revenue of $348K, expenses of $131K, and assets of $674K (revenue +2.3% year-over-year).
- 2019: Revenue of $340K, expenses of $120K, and assets of $555K (revenue +67.1% year-over-year).
- 2018: Revenue of $204K, expenses of $99K, and assets of $368K.
- 2017: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2017: Revenue of $60K, expenses of $71K, and assets of $57K (revenue +0.0% year-over-year).
- 2016: Revenue of $60K, expenses of $71K, and assets of $57K (revenue -19.3% year-over-year).
- 2015: Revenue of $74K, expenses of $42K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Urban Bike Project Of Wilmingtoninc:
Data Sources and Methodology
This transparency report for Urban Bike Project Of Wilmingtoninc 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.