Chad Smith Ride for Life

Analysis

Chad Smith Ride for Life is a registered charity in United States, based in Albertville, MN. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Chad Smith Ride for Life reported income of $120k and spending of $123k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $130k to $120k (-7.7%), an average of -7.7% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chad Smith Ride for Life sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MN. Charities of a similar size with the same main cause include Kings Things ($120k), Be Loved Transportation ($120k) and Mercy Outreach Ministries II Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $6,823 against liabilities of $0, net assets of $6,823.