Miracle Ride Foundation Inc

Analysis

Miracle Ride Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miracle Ride Foundation Inc reported income of $52k and spending of $171k, spending 327% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $443k to $52k (-88%), an average of -41% a year. The sharpest change came in the year to December 2023, when income dropped by 77%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miracle Ride Foundation Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 17th percentile within IN. Charities of a similar size with the same main cause include Virginia Autism Foundation ($52k), Zeenat Qureshi Stroke Institute ($52k) and Vision Recovery Center Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.