Rideback Rise Inc

Analysis

Rideback Rise Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Rideback Rise Inc reported income of $806k and spending of $1.2m, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $3.0m to $806k (-74%), an average of -74% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rideback Rise Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include American Museum of Natural History Planetarium Authority ($806k), The Art Center Inc ($806k) and Generation Diamond Corporation ($805k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $3.4m against liabilities of $579k, net assets of $2.8m. It reported 2 employees.