Ridefinders

Analysis

Ridefinders is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Ridefinders reported income of $635k and spending of $595k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $635k (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 41%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ridefinders 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 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Associates of Chicago Urban Day School ($635k), East Texas Open Door Inc ($635k) and Community Partnerships & Associates Inc ($635k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $181k (30% of expenses). Other salaries and wages came to $146k. At year end it held assets of $681k against liabilities of $424k, net assets of $257k.