Overview
What is Good Karma Bikes Inc?
Good Karma Bikes Inc, located in San Jose, California, is a dedicated nonprofit organization. Through community donations and impoundments, they collect thousands of bicycles annually. A significant portion of these bikes is sold in their second-hand shop, while the rest is refurbished by volunteers for those in need. Their clientele primarily consists of the homeless, veterans, low-wage workers, and low-income families, with no one being denied service due to financial constraints. Since its inception in 2009, Good Karma Bikes Inc has offered over $3.1 million worth of community aid through free bikes, parts, and service. Their mission is to empower individuals and foster community by repurposing bicycles, having served over 47,500 clients and distributing over 9,600 refurbished bicycles to those in need. Volunteers have contributed over 130,000 hours of service to this cause, also repairing carts, wheelchairs, and walkers.
Official website here: www.goodkarmabikes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
Good Karma Bikes Inc has received a Three-Star rating from Charity Navigator, indicating a commendable performance across various operational aspects. The organization scored particularly high in Accountability & Finance with 74%, reflecting strong governance practices, including an independent board and no material diversion of assets. However, gaps were noted in their documented policies, such as a missing whistleblower and document retention policy, which are important for transparency and accountability.
User feedback highlights Good Karma Bikes as a transformative force in the community, with many reviews praising its mission to support individuals through transportation while fostering job skills and independence. The organization provides affordable bikes and repair services, specifically aiding vulnerable populations such as refugees and low-income individuals. Reviewers consistently mention the positive impact of the organization on both recipients and volunteers, illustrating a strong, community-focused ethos.
Despite some minor limitations in policy documentation, the overwhelming sentiment from users is one of admiration and gratitude for the services provided by Good Karma Bikes. The organization has successfully established itself as a vital resource for the community, making it a highly regarded nonprofit dedicated to improving lives through bicycles.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Good Karma Bikes Inc?
96% of 28 reviewers on Facebook recommend Good Karma Bikes Inc. Here is a summary of their reviews:
Many patrons express strong appreciation for the friendly and knowledgeable staff, particularly spotlighting Aj for his patience and helpfulness in assisting customers in finding the right bike. The welcoming atmosphere of the nonprofit also stands out, with users noting their intent to return not just for bike purchases, but also to participate in community events.
Overall, the responses reflect a high level of satisfaction with both the products and the services provided by Good Karma Bikes, highlighting its role as a positive, community-focused resource.
This AI summary has been generated from reviews found on Facebook.
Is Good Karma Bikes Inc legitimate?
Good Karma Bikes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Karma Bikes Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $160,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $235,142
For more financial information, click here
Official website here: www.goodkarmabikes.org
What is the mission statement of Good Karma Bikes Inc?
Good Karma Bikes Inc's mission is centered around empowering people and fostering community through the medium of bicycles. They receive a significant number of bicycles through community donations and impoundments, some of which are sold in their second-hand shop. The majority of these bikes, however, are refurbished by volunteers and distributed to individuals in need, such as the homeless, veterans, low-wage workers, and low-income families. Good Karma Bikes Inc has a policy of never turning away clients due to financial reasons. Since its inception in 2009, the organization has provided over $3.1 million in community aid in the form of free bikes, parts, and service. As of now, they have served over 47,500 clients and granted over 9,600 refurbished bicycles. Furthermore, they also repair wheelchairs, carts, and walkers to assist those in need.
Official website here: www.goodkarmabikes.org
What is the revenue of Good Karma Bikes Inc?
Good Karma Bikes Inc's revenue in 2023 was $818,048.
Official website here: www.goodkarmabikes.org
Who are the executives of Good Karma Bikes Inc and what are their salaries?
The average compensation at Good Karma Bikes Inc during 2023 was $49,393. There are 8 employees and 75 volunteers at Good Karma Bikes Inc.
Here are 6 key members and their salaries:
- Compensation: $160,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.goodkarmabikes.org
Where can I find the form 990 for Good Karma Bikes Inc?
Good Karma Bikes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.goodkarmabikes.org
Learn more at the official website: www.goodkarmabikes.org
Mission Statement of Good Karma Bikes Inc
Good Karma Bikes Inc, as its name suggests, is dedicated to uplifting individuals and fostering a sense of community through the medium of bicycles. Their mission is multifaceted, encompassing two primary aspects. Firstly, they empower people by providing them with refurbished bicycles. These bicycles come from various sources, including community donations and impounded vehicles, and are then restored by volunteers. Secondly, Good Karma Bikes Inc builds community by granting these refurbished bicycles to those in need. Their clientele primarily includes individuals who are homeless, veterans, low-wage workers, and low-income families. The organization has a strong commitment to inclusivity, never turning away anyone based on financial reasons. Since its inception in 2009, Good Karma Bikes Inc has made a significant impact, providing over $3.1 million in community aid and serving over 47,500 clients. Over 9,600 refurbished bicycles have been granted to those in need, demonstrating the organization's dedication to its mission of empowerment and community building through bicycles.
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Impact
July, 2024
Good Karma Bikes Inc empowers individuals and builds community through bicycles. Through the refurbishment and distribution of donated bicycles, they have provided over $3.1M in community aid since 2009. Serving a wide range of individuals, including the homeless, veterans, low-wage workers, and low-income families, Good Karma Bikes has granted over 9,600 refurbished bicycles to those in need. Additionally, they have logged over 130,000 volunteer hours, demonstrating a strong commitment to their mission of empowering people through bikes.
This information is meant to be a general summary of Good Karma Bikes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $39
- Program Service Revenue: $390,676
- Gross Receipts: $818,048
Assets and Liabilities:
- Total Assets: $251,523
- Total Liabilities: $7,922
- Net Assets: $243,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Bike sales and services
Revenue
$390,676
Organization Details
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