Is Ride For Joy Therapeutic Ridingprogram Inc Legit?
Quick charity verification for Ride For Joy Therapeutic Ridingprogram Inc (EIN: 208931344)
Verdict: Ride For Joy Therapeutic Ridingprogram Inc appears trustworthy
85/100Mission Score
$256KRevenue
$790KAssets
1Red Flags
4Strengths
Red Flags
Operational deficit in the most recent filing (202312), with expenses ($225,058) exceeding revenue ($193,621).
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in directing funds to mission.
Significant asset growth from $42,249 in 201412 to $781,726 in 202312, demonstrating financial health and sustainability.
Consistently low liabilities, such as $2,706 in 202312, indicating sound financial management and minimal debt.
Consistent IRS 990 filing history (13 filings), showing strong commitment to transparency and compliance.
Spending Breakdown
How Ride For Joy Therapeutic Ridingprogram Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 For Joy Therapeutic Ridingprogram Inc
Is Ride For Joy Therapeutic Ridingprogram Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ride For Joy Therapeutic Ridingprogram Inc (EIN: 208931344) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Ride For Joy Therapeutic Ridingprogram Inc a good charity to donate to?
Ride For Joy Therapeutic Ridingprogram Inc has a Mission Score of 85/100. Revenue: $256K. Assets: $790K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ride For Joy Therapeutic Ridingprogram Inc?
The Employer Identification Number (EIN) for Ride For Joy Therapeutic Ridingprogram Inc is 208931344. 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 For Joy Therapeutic Ridingprogram Inc spend its money?
Ride For Joy Therapeutic Ridingprogram Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ride For Joy Therapeutic Ridingprogram Inc's tax-exempt status?
You can verify Ride For Joy Therapeutic Ridingprogram Inc's tax-exempt status using EIN 208931344 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 For Joy Therapeutic Ridingprogram Inc demonstrates consistent financial health, maintaining a stable asset base and generally managing expenses within or close to its revenue. In the most recent filing (202312), the organization reported revenues of $193,621 against expenses of $225,058, indicating a slight operational deficit for that period. However, this follows several years of positive net income, such as in 202212 ($258,402 revenue vs. $244,255 expenses) and 202112 ($230,797 revenue vs. $211,766 expenses). The organization's assets have grown significantly over the past decade, from $42,249 in 201412 to $781,726 in 202312, suggesting effective asset management and potentially successful fundraising efforts that have built up reserves.
The organization appears to prioritize its mission, as evidenced by its consistent program spending. While specific program spending ratios are not provided in the raw data, the absence of officer compensation indicates that resources are likely directed towards operational and programmatic needs rather than executive salaries. The relatively low liabilities across all reported periods, such as $2,706 in 202312, suggest sound financial management and a low debt burden. The consistent filing of IRS 990 forms over 13 periods also points to a commitment to transparency and regulatory compliance.