Nice Ride Minnesota
EIN: 264372592 · Minneapolis, MN · NTEE: W40
| Metric | Value |
|---|---|
| Total Revenue | $484K |
| Total Expenses | $1.0M |
| Net Assets | $827K |
Is Nice Ride Minnesota Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nice Ride Minnesota
Nice Ride Minnesota (EIN: 264372592) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code W40. The organization reported total revenue of $484K and total assets of $699K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nice Ride Minnesota's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nice Ride Minnesota is a small nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of -15.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $587K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-418,674 |
| Total Assets | $987K |
| Total Liabilities | $159K |
| Net Assets | $827K |
| Operating Margin | -71.4% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2021, Nice Ride Minnesota reported a deficit of $419K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2021), Nice Ride Minnesota's revenue has declined at a compound annual growth rate (CAGR) of -15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +36.9% | -3.9% | -33.3% |
| 2020 | -18.1% | -24.3% | -28.0% |
| 2019 | -55.8% | -47.5% | -30.7% |
| 2018 | -36.8% | -9.7% | -33.8% |
| 2017 | -25.0% | -7.4% | -20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nice Ride Minnesota 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 Nice Ride Minnesota 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $419K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.2%.
Frequently Asked Questions about Nice Ride Minnesota
Is Nice Ride Minnesota a legitimate charity?
Nice Ride Minnesota (EIN: 264372592) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $484K. No red flags identified. Financial health grade: B.
How does Nice Ride Minnesota spend its money?
Nice Ride Minnesota reported $484K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nice Ride Minnesota tax-deductible?
Nice Ride Minnesota is registered as a tax-exempt nonprofit (EIN: 264372592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nice Ride Minnesota located?
Nice Ride Minnesota is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 264372592. It is classified under NTEE code W40.
How many years of IRS 990 filings does Nice Ride Minnesota have?
Nice Ride Minnesota has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $484K in total revenue.
Filing History
IRS 990 filing history for Nice Ride Minnesota showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2021), Nice Ride Minnesota's revenue has declined by 83.9%, moving from $3.6M to $587K. Total assets decreased by 70% over the same period, from $3.3M to $987K. Total functional expenses rose by 27.6%, from $787K to $1.0M. In its most recent filing year (2021), Nice Ride Minnesota reported a deficit of $419K, with expenses exceeding revenue. The organization holds $159K in liabilities against $987K in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $827K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $587K | $1.0M | $987K | $159K | — | View 990 |
| 2020 | $428K | $1.0M | $1.5M | $234K | — | — |
| 2019 | $523K | $1.4M | $2.1M | $191K | — | View 990 |
| 2018 | $1.2M | $2.6M | $3.0M | $243K | — | View 990 |
| 2017 | $1.9M | $2.9M | $4.5M | $307K | — | View 990 |
| 2016 | $2.5M | $3.1M | $5.6M | $402K | — | View 990 |
| 2015 | $3.1M | $3.1M | $6.3M | $399K | — | View 990 |
| 2014 | $2.7M | $3.0M | $6.1M | $324K | — | View 990 |
| 2013 | $3.3M | $2.3M | $6.4M | $278K | — | View 990 |
| 2012 | $2.2M | $1.8M | $5.1M | $39K | — | View 990 |
| 2011 | $3.3M | $1.4M | $4.9M | $270K | — | View 990 |
| 2010 | $3.6M | $787K | $3.3M | $437K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $587K, expenses of $1.0M, and assets of $987K (revenue +36.9% year-over-year).
- 2020: Revenue of $428K, expenses of $1.0M, and assets of $1.5M (revenue -18.1% year-over-year).
- 2019: Revenue of $523K, expenses of $1.4M, and assets of $2.1M (revenue -55.8% year-over-year).
- 2018: Revenue of $1.2M, expenses of $2.6M, and assets of $3.0M (revenue -36.8% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.9M, and assets of $4.5M (revenue -25.0% year-over-year).
- 2016: Revenue of $2.5M, expenses of $3.1M, and assets of $5.6M (revenue -20.0% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.1M, and assets of $6.3M (revenue +16.8% year-over-year).
- 2014: Revenue of $2.7M, expenses of $3.0M, and assets of $6.1M (revenue -20.0% year-over-year).
- 2013: Revenue of $3.3M, expenses of $2.3M, and assets of $6.4M (revenue +50.9% year-over-year).
- 2012: Revenue of $2.2M, expenses of $1.8M, and assets of $5.1M (revenue -32.2% year-over-year).
- 2011: Revenue of $3.3M, expenses of $1.4M, and assets of $4.9M (revenue -10.5% year-over-year).
- 2010: Revenue of $3.6M, expenses of $787K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nice Ride Minnesota:
Data Sources and Methodology
This transparency report for Nice Ride Minnesota 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.