Chariot Riders Inc

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Chariot Riders Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Chariot Riders Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Chariot Riders Inc in one place.

Is Chariot Riders Inc Legit?

Significant Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Chariot Riders Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Chariot Riders Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Chariot Riders Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Chariot Riders Inc

Chariot Riders Inc (EIN: 222603425) is a nonprofit organization based in Manchester, NJ. The organization reported total revenue of $297K and total assets of $345K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chariot Riders Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Chariot Riders Inc is a small nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Chariot Riders Inc reported a deficit of $34K with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 150.6% (high leverage).

Financial Trends

Over 14 years of filings (2010–2023), Chariot Riders Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Chariot Riders Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 70%
• fundraising: 15%

According to IRS 990 filings, Chariot Riders Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $34K, with expenses exceeding revenue.
• Debt-to-asset ratio: 150.6%.

Executive Compensation Analysis

Executive compensation cannot be assessed as no specific compensation figures are provided in the available financial data.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Chariot Riders Inc's IRS 990 filings:

• 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

The following positive indicators were identified for Chariot Riders Inc:

• Long operational history: The organization has been filing financial data since at least 2016, indicating a sustained presence.

Frequently Asked Questions about Chariot Riders Inc

Filing History

IRS 990 filing history for Chariot Riders Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Chariot Riders Inc's revenue has declined by 5.4%, moving from $264K to $250K. Total assets increased by 180.7% over the same period, from $104K to $291K. Total functional expenses rose by 7.2%, from $265K to $284K. In its most recent filing year (2023), Chariot Riders Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $438K in liabilities against $291K in assets (debt-to-asset ratio: 150.6%), resulting in net assets of $-147,270.

Year-by-Year Financial Summary

• 2023: Revenue of $250K, expenses of $284K, and assets of $291K (revenue +5.3% year-over-year).
• 2022: Revenue of $237K, expenses of $279K, and assets of $299K (revenue +4.1% year-over-year).
• 2021: Revenue of $228K, expenses of $259K, and assets of $340K (revenue -34.7% year-over-year).
• 2020: Revenue of $349K, expenses of $198K, and assets of $373K (revenue +91.0% year-over-year).
• 2019: Revenue of $183K, expenses of $209K, and assets of $84K (revenue -12.6% year-over-year).
• 2018: Revenue of $209K, expenses of $222K, and assets of $99K (revenue -35.2% year-over-year).
• 2017: Revenue of $322K, expenses of $330K, and assets of $97K (revenue +1.7% year-over-year).
• 2016: Revenue of $317K, expenses of $334K, and assets of $88K (revenue -4.7% year-over-year).
• 2015: Revenue of $333K, expenses of $330K, and assets of $87K (revenue +5.4% year-over-year).
• 2014: Revenue of $315K, expenses of $326K, and assets of $88K (revenue -1.0% year-over-year).
• 2013: Revenue of $319K, expenses of $332K, and assets of $90K (revenue +8.9% year-over-year).
• 2012: Revenue of $293K, expenses of $313K, and assets of $89K (revenue +4.5% year-over-year).
• 2011: Revenue of $280K, expenses of $312K, and assets of $97K (revenue +6.1% year-over-year).
• 2010: Revenue of $264K, expenses of $265K, and assets of $104K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Chariot Riders Inc:

Data Sources and Methodology

This transparency report for Chariot Riders Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.