Ridewise Inc

Analysis

Ridewise Inc is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Ridewise Inc reported income of $647k and spending of $623k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $669k to $647k (-3.2%), an average of -0.8% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ridewise Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Regional Data Cooperative for Greater New Haven Inc ($647k), Friends of Ft Liberte ($647k) and National Association of State Personnel Executives Inc ($647k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $100k (16% of expenses). Other salaries and wages came to $265k. At year end it held assets of $295k against liabilities of $27k, net assets of $268k. It reported 6 employees.