Community Rides

Analysis

Community Rides is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in August 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, Community Rides reported income of $170k and spending of $136k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $170k (+1020%), an average of +1020% a year. The sharpest change came in the year to December 2023, when income rose by 1020%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Rides 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 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Mid-Plains United Way Inc ($170k), Freeport Community Volunteer Fire Department Inc ($170k) and Little League Baseball Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $14k (10% of expenses). Other salaries and wages came to $59k. At year end it held assets of $82k against liabilities of $34k, net assets of $48k. It reported 9 employees.