Brotherhood Ride Inc

Analysis

Brotherhood Ride Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Brotherhood Ride Inc reported income of $144k and spending of $55k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $268k to $144k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brotherhood Ride Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Brians Foundation of Hope ($144k), Arkansas Community Dispute Resolution Centers ($144k) and We Are Brave Together Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $387k against liabilities of $0, net assets of $387k.