Wacanid Ride

Analysis

Wacanid Ride is a registered charity in United States, based in Bonners Ferry, ID. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Wacanid Ride reported income of $132k and spending of $123k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $132k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wacanid Ride 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 44th percentile, and in the 45th percentile within ID. Charities of a similar size with the same main cause include Veranova Health Foundation ($132k), The Southwest Florida Foundation Incorporated ($132k) and Mount Vernon-Skajit Rotary Charitable Association ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.