Neighbor Ride Inc

Analysis

Neighbor Ride Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in October 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 June 2023, Neighbor Ride Inc reported income of $578k and spending of $473k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $302k to $578k (+91%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Neighbor Ride Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Columbia County Independent Living Inc ($578k), Hope for More Foundation Inc ($578k) and Re-Use-It Thrift Shop ($577k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $92k (20% of expenses). Other salaries and wages came to $140k. At year end it held assets of $655k against liabilities of $182k, net assets of $473k. It reported 4 employees.