Riding to the Top

Analysis

Riding to the Top is a registered charity in United States, based in Windham, ME. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riding to the Top reported income of $901k and spending of $777k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $641k to $901k (+40%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riding to the Top sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within ME. Charities of a similar size with the same main cause include Advocates for Community Choice ($901k), Chasin a Dream Foundation Inc ($901k) and Southeast Texas Family Resource Center Inc ($901k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $74k (9.5% of expenses). Other salaries and wages came to $355k. At year end it held assets of $2.0m against liabilities of $780k, net assets of $1.2m. It reported 19 employees.