Erics Ride Inc

Analysis

Erics Ride Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Erics Ride Inc reported income of $351k and spending of $363k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $311k to $351k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Erics Ride Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Sarahs House of Maine ($351k), Rural Medical Training Collaborative ($351k) and Society for Education in Anesthesia ($351k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 77% of the total. At year end it held assets of $8,414 against liabilities of $0, net assets of $8,414.