Quick charity verification for Ride Cincinnati Foundation (EIN: 204899800)
Verdict: Ride Cincinnati Foundation appears trustworthy
90/100Mission Score
$768KRevenue
$420KAssets
1Red Flags
4Strengths
Red Flags
Significant increase in liabilities in 2023 ($1,146,000) warrants further investigation into its nature and repayment plan.
Strengths
Strong revenue growth, increasing from $1,033,243 in 2022 to $2,159,415 in 2023.
Substantial asset accumulation, reaching $1,325,298 in 2023.
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission.
Positive net income in most recent periods, demonstrating financial sustainability.
Spending Breakdown
How Ride Cincinnati Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Ride Cincinnati Foundation
Is Ride Cincinnati Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Ride Cincinnati Foundation (EIN: 204899800) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Ride Cincinnati Foundation a good charity to donate to?
Ride Cincinnati Foundation has a Mission Score of 90/100. Revenue: $768K. Assets: $420K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ride Cincinnati Foundation?
The Employer Identification Number (EIN) for Ride Cincinnati Foundation is 204899800. 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 Ride Cincinnati Foundation spend its money?
Ride Cincinnati Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ride Cincinnati Foundation's tax-exempt status?
You can verify Ride Cincinnati Foundation's tax-exempt status using EIN 204899800 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
Ride Cincinnati Foundation demonstrates strong financial health and program focus, particularly in its most recent filing period. In 2023, the organization reported a significant increase in revenue to $2,159,415, with expenses of $1,261,238, indicating a healthy surplus. The organization's assets have also grown substantially, reaching $1,325,298 in 2023, up from $426,293 in 2022, suggesting effective financial management and growth. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.
The organization's spending efficiency appears robust, especially given the substantial program activities implied by its NTEE code (H30 - Cancer Research). While specific program spending percentages are not provided in the summary data, the absence of officer compensation suggests a lean operational structure. The significant increase in liabilities to $1,146,000 in 2023, alongside a substantial increase in assets, warrants further investigation to understand the nature of these liabilities, though it could be related to large-scale program initiatives or capital investments.
Overall, Ride Cincinnati Foundation exhibits positive financial trends, with strong revenue growth and asset accumulation. The lack of executive compensation is a notable strength in terms of transparency and donor confidence. Further detailed analysis of their program service accomplishments and specific expense breakdowns would provide an even clearer picture of their impact and efficiency.