Ride to Work Ministry Nonprofit Inc

Analysis

Ride to Work Ministry Nonprofit Inc is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Work Ministry Nonprofit Inc reported income of $80k and spending of $64k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $80k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ride to Work Ministry Nonprofit Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include PTA North Carolina Congress ($80k), Lawton Mobile Meals Inc ($80k) and Hart 2 Heart Animal Rescue ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.