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.
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.