ONBIKES INC
Mission Statement
At onbikes we believe that “giving is greater than getting (g>g)“ and that having a positive impact on our community, its members, and the environment is the most important standard. The positive impact that we hope to have can come in many forms; through a bike give away, encouraging others to become involved in their community, or spreading awareness for personal and environmental health. We are able to reach our community and its members through events; we have hosted fundraisers at local establishments, sold onbikes apparel, hosted bike rides, and used donations from local businesses to support our mission.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.3% | 81.5% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
22.3% | 11.7% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.4% | 4.0% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.8 mo | 11.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 9.1% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
85.0% | 89.2% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
61.5% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
57.0% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
10.4% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.1M | $1.0M | $238K | 77.3% | 3 |
| 2023 | $706K | $651K | $119K | 74.8% | 2 |
| 2022 | $756K | $814K | $64K | 85.8% | 4 |
| 2021 | $702K | $659K | N/A | — | 2 |
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