Veterans Ride for Free

Analysis

Veterans Ride for Free is a registered charity in United States, based in Brooklyn, CT. It received its IRS tax-exemption ruling in February 2022, 4 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 (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, Veterans Ride for Free reported income of $302k and spending of $280k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $322k to $302k (-6.1%), an average of -6.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans Ride for Free sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Utahns Against Hunger ($302k), Pleasant Valley Bible Camp ($302k) and Multicultural Family Center ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $16k (5.8% of expenses). Other salaries and wages came to $62k. At year end it held assets of $95k against liabilities of $0, net assets of $95k. It reported 5 employees.