Ride Solution Inc

Analysis

Ride Solution Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in October 1984, 42 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 2023, Ride Solution Inc reported income of $2.8m and spending of $3.1m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.8m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ride Solution Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Arnette House Inc ($2.8m), Open Doors Solutions Inc ($2.8m) and Moorings Park Foundation Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.6m against liabilities of $138k, net assets of $3.5m. It reported 36 employees.