Madison Freewheel Bicycle Co

Tax-deductible

Madison, WI501(c)(3)Community DevelopmentEIN 45-3370590Revenue $19K in FY2026

On file with the IRSfreewheelbikes.orgPo Box 260205, 53726-0205 · Madison, WITax-exempt since Apr 2017Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
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
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $34
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$47K
148% of total assets
Concern: liabilities are 148% of assets; over 80%.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19K
+108% vs prior year
Spent
$6K
To programs
0%
Net assets
−$15K
By yearFY2022–FY2026
Revenue
$19K
FY2026▲ +108%
Tap a bar for its year
Revenue by fiscal year
FY2022$95K
FY2023$101K
FY2024$51K
FY2025$9K
FY2026$19K
Net assets
−$15K
FY2026▲ +45%
Tap a bar for its year
Net assets by fiscal year
FY2022−$20K
FY2023−$49K
FY2024−$33K
FY2025−$28K
FY2026−$15K

From the FY2026 Form 990 (year ending January 2026) · see the original

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Is it real?

Yes. Exemption reinstated (2016-06-15). Per the IRS revocation list. Latest filing on record: FY2026. IRS ruling in Apr 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Loans to or from officersSch L · Pt II4 listed

Programs and updates

A community improvement nonprofit based in Madison, WI.

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Provided by the organization

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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 · FY2023
Total grants receivedfrom 1 funder$34

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$19K
Ln 12
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$3K
Money outPt IX
$6K
Ln 25
Owns and owesPt X
−$15K
net assets · Ln 32
Total assetsLn 16$32K
LiabilitiesLn 26$47K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Other incomeLn 4–11$3K
Total revenueLn 12$19K
Assets in detailPt X, end of year
Total assetsLn 16$32K
LiabilitiesLn 26$47K
Net assetsLn 32−$15K
OperationsPt I, VI
Fiscal year endsHeaderJanuary

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $19K$6K$13K−$15K 990 PDF
FY2025 $9K−$28K 990 PDF
FY2024 $51K−$33K 990 PDF
FY2023 $101K−$49K 990 PDF
FY2022 $95K−$20K 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

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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