Safe Ride Foundation

Analysis

Safe Ride Foundation is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 January 2024, Safe Ride Foundation reported income of $262k and spending of $276k, spending 105% of what it took in. Across the 2 years on record, from January 2023 to January 2024, income grew from $190k to $262k (+38%), an average of +38% a year. The sharpest change came in the year to January 2024, when income rose by 38%. Over the whole period it spent 102% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Safe Ride Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Syosset Fire Department Inc ($262k), Northpole Fire Company Inc ($262k) and Raine Organization ($262k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $2,491 (0.9% of expenses). Other salaries and wages came to $29k. At year end it held assets of $47k against liabilities of $23k, net assets of $24k. It reported 4 employees.