Charleston Ride For Hope
EIN: 262552601 · Mt Pleasant, SC
| Metric | Value |
|---|---|
| Total Expenses | $35K |
| Net Assets | $52K |
Is Charleston Ride For Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charleston Ride For Hope
Charleston Ride For Hope (EIN: 262552601) is a nonprofit organization based in Mt Pleasant, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charleston Ride For Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charleston Ride For Hope is a micro nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $84K |
| Total Expenses | $35K |
| Surplus / Deficit | +$49K |
| Total Assets | $52K |
| Net Assets | $52K |
| Operating Margin | 58.3% |
| Months of Reserves | 17.8 months |
Financial Health Grade: A
In 2016, Charleston Ride For Hope reported a surplus of $49K with revenue exceeding expenses, holds 17.8 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2011–2016), Charleston Ride For Hope's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -17.9% | -78.0% | +1694.9% |
| 2015 | +19.7% | +90.8% | -95.2% |
| 2014 | -3.6% | -1.1% | +3.1% |
| 2013 | +11.5% | -25.7% | +7.5% |
| 2012 | -32.9% | -3.1% | -38.7% |
AI Analysis Pending
AI enrichment for Charleston Ride For Hope has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charleston Ride For Hope with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
Frequently Asked Questions about Charleston Ride For Hope
Is Charleston Ride For Hope a legitimate charity?
Charleston Ride For Hope (EIN: 262552601) is a registered tax-exempt nonprofit based in South Carolina. It has 6 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Charleston Ride For Hope spend its money?
Charleston Ride For Hope reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Charleston Ride For Hope tax-deductible?
Charleston Ride For Hope is registered as a tax-exempt nonprofit (EIN: 262552601). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charleston Ride For Hope located?
Charleston Ride For Hope is headquartered in Mt Pleasant, South Carolina and files with the IRS under EIN 262552601.
How many years of IRS 990 filings does Charleston Ride For Hope have?
Charleston Ride For Hope has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Charleston Ride For Hope showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Charleston Ride For Hope's revenue has declined by 29%, moving from $118K to $84K. Total assets decreased by 41.5% over the same period, from $88K to $52K. Total functional expenses fell by 70.1%, from $117K to $35K. In its most recent filing year (2016), Charleston Ride For Hope reported a surplus of $49K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $84K | $35K | $52K | $0 | — | — |
| 2015 | $102K | $159K | $3K | $0 | — | View 990 |
| 2014 | $85K | $83K | $60K | $0 | — | View 990 |
| 2013 | $88K | $84K | $58K | $0 | — | View 990 |
| 2012 | $79K | $113K | $54K | $0 | — | View 990 |
| 2011 | $118K | $117K | $88K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $84K, expenses of $35K, and assets of $52K (revenue -17.9% year-over-year).
- 2015: Revenue of $102K, expenses of $159K, and assets of $3K (revenue +19.7% year-over-year).
- 2014: Revenue of $85K, expenses of $83K, and assets of $60K (revenue -3.6% year-over-year).
- 2013: Revenue of $88K, expenses of $84K, and assets of $58K (revenue +11.5% year-over-year).
- 2012: Revenue of $79K, expenses of $113K, and assets of $54K (revenue -32.9% year-over-year).
- 2011: Revenue of $118K, expenses of $117K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charleston Ride For Hope:
Data Sources and Methodology
This transparency report for Charleston Ride For Hope 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.