Ride with US Inc

Analysis

Ride with US Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 with US Inc reported income of $1.5m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.5m (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ride with US Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Azle Caring Center ($1.5m), Clara Barton Day Care Center Inc ($1.5m) and Rogers Pierce Childrens Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $111k (8.9% of expenses). Other salaries and wages came to $653k. At year end it held assets of $1.5m against liabilities of $278k, net assets of $1.2m. It reported 71 employees.