Rides for Ridgefield Inc

Analysis

Rides for Ridgefield Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in September 2013, 13 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, Rides for Ridgefield Inc reported income of $65k and spending of $39k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $65k (-8.7%), an average of -8.7% a year. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rides for Ridgefield Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include Foundation of I Inc Freedom of the Cosmos ($65k), Ecumenical Council of Christian Churches Inc ($65k) and Korean American Disabled Peoples Association Inc ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $182k against liabilities of $5,215, net assets of $176k.