Ride for Hope

Analysis

Ride for Hope is a registered charity in United States, based in Elk Grove VLG, IL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Ride for Hope reported income of $90k and spending of $96k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $90k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ride for Hope sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Zion Farms & Market Inc ($90k), Lagrange Communities Youth Centersinc ($90k) and Science Technology Institute ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $475 against liabilities of $0, net assets of $475.