We Can Ride Inc

Analysis

We Can Ride Inc is a registered charity in United States, based in Maple Plain, MN. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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, We Can Ride Inc reported income of $697k and spending of $757k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $632k to $697k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, We Can Ride Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Beaver Volunteer Fire Department Inc ($697k), Big Stone Community Homes Inc ($697k) and Hadley Terrace Inc ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $85k (11% of expenses). Other salaries and wages came to $321k. At year end it held assets of $524k against liabilities of $85k, net assets of $439k. It reported 15 employees.