Captain Erick Foster Memorial Ride

Analysis

Captain Erick Foster Memorial Ride is a registered charity in United States, based in Conshohocken, PA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Captain Erick Foster Memorial Ride reported income of $698k and spending of $654k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $203k to $698k (+244%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Captain Erick Foster Memorial Ride 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 73rd percentile within PA. Charities of a similar size with the same main cause include Mathews Volunteer Rescue Squad Incorporated ($698k), The Ruth K Broad Biomedical Research Foundation Inc ($698k) and Liberty Center for the Homeless Inc ($698k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $85k (13% of expenses). Other salaries and wages came to $57k. At year end it held assets of $330k against liabilities of $5,124, net assets of $325k. It reported 4 employees.