Project R I D E Incorporated

Analysis

Project R I D E Incorporated is a registered charity in United States, based in Elk Grove, CA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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 June 2023, Project R I D E Incorporated reported income of $904k and spending of $530k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $579k to $904k (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project R I D E Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include The Pacific Southwest Minority Supplier Development Council ($904k), Santa Clara Hockey Association ($904k) and The Richmond Center ($904k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $104k (20% of expenses). Other salaries and wages came to $149k. At year end it held assets of $1.7m against liabilities of $31k, net assets of $1.6m. It reported 12 employees.