Soul Ryeders Inc

Analysis

Soul Ryeders Inc is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 March 2024, Soul Ryeders Inc reported income of $495k and spending of $588k, spending 119% of what it took in. Across the 6 years on record, from March 2018 to March 2024, income fell from $723k to $495k (-32%), an average of -7.3% a year. The sharpest change came in the year to March 2020, when income dropped by 27%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soul Ryeders Inc 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 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Fundacion de Esclerosis Multiple de Puerto Rico Inc ($495k), Association for the Visually Impair Ed Inc ($495k) and Myositis Support and Understanding Association ($495k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $110k (19% of expenses). Other salaries and wages came to $210k. At year end it held assets of $646k against liabilities of $1,151, net assets of $644k. It reported 5 employees.