Ride to Walk Inc

Analysis

Ride to Walk Inc is a registered charity in United States, based in Penryn, CA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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 to Walk Inc reported income of $431k and spending of $701k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $431k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 583%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ride to Walk Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Student Debt Crisis Center ($431k), Sr Senior Housing Inc ($431k) and Bradford Learning Center ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 2.8% of the total. Other salaries and wages came to $322k. At year end it held assets of $2.1m against liabilities of $286k, net assets of $1.8m. It reported 23 employees.