Climate Ride Inc

Analysis

Climate Ride Inc is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Climate Ride Inc reported income of $5.4m and spending of $4.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $5.4m (+166%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 321%. Over the whole period it spent 80% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Climate Ride Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MT. Charities of a similar size with the same main cause include Cfa Interpretive Association ($5.3m), Yellowstone to Yukon Conservation Initiative ($5.4m) and Sustainable Ocean Alliance Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $88k (2.2% of expenses). Other salaries and wages came to $241k. At year end it held assets of $4.2m against liabilities of $281k, net assets of $3.9m. It reported 20 employees.