Recycle-A-Bike

Nonprofit profile at a glance

EIN
271157693
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024, Form 990-N 2012
Location
Providence, RI, USA
Phone
4015160014
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Automotive Safety

Reported finances

Revenue
$117,104
Expenses
$119,867
Assets
$31,013
Liabilities
$2,709

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Christopher D'Ovidio (President)

People named in this filing

  • Andrew Romero (Board member)
  • Joseph Conti (Board member)
  • Edward Raff (Board member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Community bike shop providing bike education

What it reported doing in 2024

The mission of Recycle A Bike is educating, empowering and building community by connecting people and bicycles. In the past 3 years, we have hosted or supported over a dozen community bike events and distributed nearly 400 free bikes to low income children and adults. In addition, we have distributed another 300 additional bikes to other bike collectives that provide similar community services. We also partner with other organizations and schools to promote bicycle safety and proper bicycle maintenance. Community members are welcome in our bike shop to work on their own bicycles, or to earn a bike / replacement parts by volunteering time to help our organization.

Operating model

Revenue model
Earned-program. 64% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.7%; rating input score 100
  • Program expense ratio: 97.4%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -2.4%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 3.1% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 0.8% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 35th percentile among comparable filings

Details

  • Where the money goes: 99.7% of revenue deployed · 97.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $117K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.