Riding for a Reason

Analysis

Riding for a Reason is a registered charity in United States, based in Granite City, IL. It received its IRS tax-exemption ruling in September 2022, 4 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 September 2023, Riding for a Reason reported income of $291k and spending of $298k, spending 103% of its income. Across the 6 years on record, from September 2017 to September 2023, income grew from $176k to $291k (+66%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riding for a Reason sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Saint Paul Serves Foundation ($291k), Katie Teets Bradshaw Comfort House ($291k) and Spirit in the Sky Inc ($291k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 0.2% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.