Dream Riders of Kentucky Incorporated

Analysis

Dream Riders of Kentucky Incorporated is a registered charity in United States, based in Philpot, KY. It received its IRS tax-exemption ruling in February 2004, 22 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, Dream Riders of Kentucky Incorporated reported income of $262k and spending of $285k, spending 109% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income fell from $440k to $262k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dream Riders of Kentucky Incorporated sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include The Arc Washington County Inc ($262k), Depot Exchange Inc ($262k) and Professional Christian Counseling Services ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 27% of the total. Other salaries and wages came to $144k. At year end it held assets of $507k against liabilities of $794, net assets of $507k. It reported 9 employees.