88 Bikes FY2024 filing

Tax-deductible

Seattle, WA501(c)(3)Since 2008Human ServicesEIN 26-2740895

Endowing bicycles to underprivileged girls and survivors of human trafficking.

501(c)(3) charity; gifts are tax-deductible.
42¢ of each $1 spent went to programs.
$33K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
1 of 2
years in the black
Worth a look: 1 of the last 2 filings shows a deficit.
Pt I · Ln 19 · 2 filings
How much reaches the programs?
42%
of spending
Concern: 42% of spending went to programs; under 50% is a concern.
Pt IX · Ln 25 · col B
What are leaders paid?
$33K
to officers and key staff · 15% of spending
Looks good: leaders' pay is 15% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
2 mo
of spending, in cash
Worth a look: 2.3 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
4
named funders · $53K
Looks good: 4 funders name it on their filings; 3 or more looks good.
Funders’ Sch. I, 990-PF
Do they carry debt?
$2K
liabilities
Looks good: debts are 4% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
2
independent of 5 voting board members
Worth a look: 2 of 5 voting members are independent, not a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$249K
+107% vs prior year
Spent
$226K
To programs
42%
Net assets
$41K
By yearFY2021–FY2025
Revenue
$249K
FY2024▲ +107%
Revenue by fiscal year
FY2021$114K
FY2022$116K
FY2023$121K
FY2024$249K
FY2025$204K
FY2025$224K
Expenses
$226K
FY2024
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$226K
FY2025$236K
FY2025$201K
Net assets
$41K
FY2024▲ +276%
Net assets by fiscal year
FY2021$60K
FY2022$59K
FY2023$11K
FY2024$41K
FY2025$8K
FY2025$31K

From the FY2024 Form 990 (year ending March 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item C88 Bikes
EINHdr · item D26-2740895
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2008
Year of formationHdr · item L2008
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CSeattle, WA
NTEE classificationIRS BMFHuman Services (P30)
WebsiteHdr · item Jwww.88bikes.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.42 Management & general $0.17 Fundraising $0.41
Program services42%$95K
Management & general17%$37K
Fundraising41%$93K
Total functional expensesLn 25$226K

Financial health

Is it on solid ground?

Program efficiency
42%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$43K
FY2024
Total assets by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$43K
FY2025$19K
FY2025$43K
Total liabilities
$2K
FY2024
Total liabilities by fiscal year
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$2K
FY2025$10K
FY2025$12K
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$43K
Program-expense ratioPt IX · col B42%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 42

Balance Sheet

Part X · end of year
CashLn 1$43K
Total assetsLn 16$43K
Total liabilitiesLn 26$2K
Total net assetsLn 32$41K
Months of cash on handcomputed2.3

Statement of Revenue

Part VIII
Contributions & grants100%$249K
Total revenueLn 12$249K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $43K · Operating expenses/yr $226K
2.3 months
Where the money goes
Program services
Program services $95K · Total expenses $226K
42%
Management & General
Management & general $37K · Total expenses $226K
17%
Fundraising
Fundraising $93K · Total expenses $226K
41%
Cost to raise $1
Fundraising expense $93K · Solicited contributions $249K
$0.37 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $249K · Total revenue $249K
100%
Government reliance
Government grants — · Total revenue $249K
—
Earned-income share
Program service revenue $0 · Total revenue $249K
0%
Investment reliance
Investment income $0 · Total revenue $249K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $226K
0%
Growth & trend
Revenue growth (YoY)
This year $249K · Prior year $121K
+107%
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $249K · Expenses $226K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $43K
—
Net-asset ratio
Net assets $41K · Total assets $43K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $43K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Daniel Austin · Reported title Executive Director · Highest reported compensation $33K · Total expenses $226K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $39K · Total expenses $226K
17%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 42%——
Overhead ratio 17%——
Fundraising cost ratio 37%——
Revenue growth 107%——
Accounting fee ratio 0.4%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$33,333Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dan Austin’s $21K as Exec Directo is at the 12th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2025FY2024FY2022
Daniel Austin——$33,333—
Dan Austin$21,250$16,239—$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See 88 Bikes executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 2Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides bicycles to women and girls globally to empower them.

Provided by the organization

This section is blank until 88 Bikes claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $41K of program spending, described in the organization's own filed words · FY2023.
01

Purchase and repair of additional and existing bikes, respectively

$41Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 $204K$236K-18% 990 PDF
FY2024 Viewing $249K$226K+107% 990 PDF
FY2023 $121K—+4% 990 PDF
FY2022 $116K—+2% 990 PDF
FY2021 $114K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $225,936 across 14 lines filed
IX-4 Benefits paid to or for membersPrograms $3,085$3,085
IX-5 Pay of current officers, directors and key staffFundraising $33,333$33,333
IX-10 Payroll taxesFundraising $5,786$5,786
IX-11c Accounting feesManagement $880$880
IX-11g Other fees for servicesPrograms $2,130 · Management $7,401 · Fundraising $29,500$39,031
IX-12 Advertising and promotionPrograms $3,771$3,771
IX-13 Office expensesPrograms $2,949 · Management $2,054$5,003
IX-14 Information technologyPrograms $1,441 · Management $101 · Fundraising $3,269$4,811
IX-16 OccupancyPrograms $1,490 · Management $14,660$16,150
IX-17 TravelPrograms $4,378 · Management $3,630 · Fundraising $12,163$20,171
IX-19 Conferences, conventions and meetingsPrograms $150$150
IX-23 InsurancePrograms $77 · Management $1,398 · Fundraising $293$1,768
IX-24 Other expenses (24a–d)Programs $72,677 · Management $2,228 · Fundraising $6,613$81,518
IX-24e All other expensesPrograms $3,184 · Management $5,138 · Fundraising $2,157$10,479
IX-25 Total functional expensesPrograms $95,332 · Management $37,490 · Fundraising $93,114$225,936

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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