Rideability

Analysis

Rideability is a registered charity in United States, based in Pine Island, MN. It received its IRS tax-exemption ruling in September 2000, 26 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, Rideability reported income of $66k and spending of $65k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $66k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rideability sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Central Coast Funds for Children ($66k), Wilkes Circles of Care Inc ($66k) and Duke Carrillo Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 19% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.