Riding for Dreams

Analysis

Riding for Dreams is a registered charity in United States, based in Lisbon, ND. It received its IRS tax-exemption ruling in January 2010, 16 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 (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 for Dreams reported income of $115k and spending of $71k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $270k to $115k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 33% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riding for Dreams sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 32nd percentile within ND. Charities of a similar size with the same main cause include Healing Therapies Thru Sharing Inc ($115k), Battlegreen Run Foundation Inc ($115k) and Pendleton Emergency Ambulance Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $532k against liabilities of $52k, net assets of $479k.