Ride Connection Inc

Analysis

Ride Connection Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ride Connection Inc reported income of $71.1m and spending of $65.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $71.1m (+621%), an average of +64% a year. The sharpest change came in the year to June 2020, when income rose by 197%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ride Connection Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include By the Bay Health ($70.9m), Commonpoint Ny Inc ($71.3m) and Senior Health Properties-South Inc ($70.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $822k (1.3% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $32.4m against liabilities of $9.5m, net assets of $22.9m. It reported 170 employees.