Riding with Heart

Analysis

Riding with Heart is a registered charity in United States, based in Pittstown, NJ. It received its IRS tax-exemption ruling in November 2006, 20 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 December 2023, Riding with Heart reported income of $417k and spending of $217k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $417k (+143%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 123%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riding with Heart sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Louisiana Food Policy Action Council Inc ($417k), Minnesota Youth Ski League ($417k) and Parish Thrift Shop Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Other salaries and wages came to $94k. At year end it held assets of $776k against liabilities of $116k, net assets of $660k. It reported 12 employees.