Quick charity verification for Chariot Riders Inc (EIN: 222603425)
Verdict: Chariot Riders Inc shows mixed signals
45/100Mission Score
$297KRevenue
$345KAssets
3Red Flags
1Strengths
Red Flags
Consistent annual deficits: Expenses have exceeded revenue in all provided years (e.g., 2023: revenue $249,670, expenses $283,867; 2022: revenue $237,068, expenses $279,356).
Declining net assets: Net assets have decreased from $373,179 in 2020 to $291,082 in 2023.
High liabilities relative to assets: Liabilities ($438,352 in 2023) consistently exceed total assets ($291,082 in 2023), indicating potential financial instability.
Strengths
Long operational history: The organization has been filing financial data since at least 2016, indicating a sustained presence.
Spending Breakdown
How Chariot Riders Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Chariot Riders Inc
Is Chariot Riders Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chariot Riders Inc (EIN: 222603425) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 1 strength noted.
Is Chariot Riders Inc a good charity to donate to?
Chariot Riders Inc has a Mission Score of 45/100. Revenue: $297K. Assets: $345K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chariot Riders Inc?
The Employer Identification Number (EIN) for Chariot Riders Inc is 222603425. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Chariot Riders Inc spend its money?
Chariot Riders Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chariot Riders Inc's tax-exempt status?
You can verify Chariot Riders Inc's tax-exempt status using EIN 222603425 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Chariot Riders Inc is a unknown nonprofit based in Manchester, New Jersey, with reported revenue of $297K and assets of $345K. Our AI analysis assigns a Mission Score of 45/100 (Fair). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. • Financial filings consistently show expenses exceeding revenue, leading to net deficits.
• The organization's net assets have been in decline over the past several years.
• No specific program details or impact metrics are readily available in the provided data. Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data. Revenue has remained stable -5% across 14 filing periods.