Ride Cincinnati Foundation
Ride Cincinnati Foundation shows strong revenue growth and asset accumulation with no reported officer compensation.
EIN: 204899800 · Cincinnati, OH · NTEE: H30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $768K |
| Total Expenses | $1.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.3M |
| Transparency Score | 90/100 |
Is Ride Cincinnati Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ride Cincinnati Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ride Cincinnati Foundation
Ride Cincinnati Foundation (EIN: 204899800) is a nonprofit organization based in Cincinnati, OH, classified under NTEE code H30. The organization reported total revenue of $768K and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ride Cincinnati Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ride Cincinnati Foundation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$898K |
| Total Assets | $1.3M |
| Total Liabilities | $1K |
| Net Assets | $1.3M |
| Operating Margin | 41.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2023, Ride Cincinnati Foundation reported a surplus of $898K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ride Cincinnati Foundation's revenue has grown at a compound annual growth rate (CAGR) of 22.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +109.0% | +82.7% | +210.9% |
| 2022 | +84.0% | +39.4% | +413.2% |
| 2021 | -21.3% | -31.2% | +407.8% |
| 2020 | +136.2% | +123.0% | -25.8% |
| 2019 | -29.0% | -23.0% | -48.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Ride Cincinnati Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ride Cincinnati Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $898K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with revenues exceeding $2 million in 2023.
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 Ride Cincinnati Foundation's IRS 990 filings:
- Significant increase in liabilities in 2023 ($1,146,000) warrants further investigation into its nature and repayment plan.
Strengths
The following positive indicators were identified for Ride Cincinnati Foundation:
- 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.
Frequently Asked Questions about Ride Cincinnati Foundation
Is Ride Cincinnati Foundation a legitimate charity?
Ride Cincinnati Foundation (EIN: 204899800) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $768K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Ride Cincinnati Foundation spend its money?
Ride Cincinnati Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ride Cincinnati Foundation tax-deductible?
Ride Cincinnati Foundation is registered as a tax-exempt nonprofit (EIN: 204899800). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ride Cincinnati Foundation CEO make?
Ride Cincinnati Foundation's highest-compensated officer earns $2 annually. The organization reported $768K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ride Cincinnati Foundation's spending goes to programs?
Ride Cincinnati Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ride Cincinnati Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ride Cincinnati Foundation is above average for NTEE category H30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ride Cincinnati Foundation located?
Ride Cincinnati Foundation is headquartered in Cincinnati, Ohio and files with the IRS under EIN 204899800. It is classified under NTEE code H30.
How many years of IRS 990 filings does Ride Cincinnati Foundation have?
Ride Cincinnati Foundation has 13 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 $768K in total revenue.
Is Ride Cincinnati Foundation a good charity?
Based on the provided data, Ride Cincinnati Foundation appears to be a good charity. It demonstrates strong financial growth, significant asset accumulation, and a notable commitment to its mission by reporting 0% officer compensation across all filings, suggesting funds are directed towards its programs.
What caused the significant increase in liabilities in 2023?
In 2023, liabilities increased to $1,146,000 from $318 in 2022. While the exact cause isn't detailed in the summary, this could be due to significant program commitments, capital expenditures, or short-term operational financing related to its substantial revenue and asset growth.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization likely relies on volunteer leadership for its executive functions, or that any compensated leadership roles are classified differently or paid through other means not reflected as officer compensation on the 990.
Filing History
IRS 990 filing history for Ride Cincinnati Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ride Cincinnati Foundation's revenue has grown by 995.8%, moving from $197K to $2.2M. Total assets increased by 748.7% over the same period, from $156K to $1.3M. Total functional expenses rose by 357.4%, from $276K to $1.3M. In its most recent filing year (2023), Ride Cincinnati Foundation reported a surplus of $898K, with revenue exceeding expenses. The organization holds $1K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.3M | $1.3M | $1K | — | — |
| 2022 | $1.0M | $690K | $426K | $318 | — | View 990 |
| 2021 | $562K | $495K | $83K | $116 | — | View 990 |
| 2020 | $713K | $719K | $16K | $0 | — | View 990 |
| 2019 | $302K | $323K | $22K | $0 | — | View 990 |
| 2018 | $426K | $419K | $42K | $0 | — | View 990 |
| 2017 | $332K | $539K | $36K | $0 | — | View 990 |
| 2016 | $335K | $352K | $242K | $0 | — | View 990 |
| 2015 | $360K | $150K | $259K | $0 | — | View 990 |
| 2014 | $306K | $339K | $250K | $0 | — | View 990 |
| 2013 | $319K | $317K | $283K | $0 | — | View 990 |
| 2012 | $258K | $133K | $281K | $0 | — | View 990 |
| 2011 | $197K | $276K | $156K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.3M, and assets of $1.3M (revenue +109.0% year-over-year).
- 2022: Revenue of $1.0M, expenses of $690K, and assets of $426K (revenue +84.0% year-over-year).
- 2021: Revenue of $562K, expenses of $495K, and assets of $83K (revenue -21.3% year-over-year).
- 2020: Revenue of $713K, expenses of $719K, and assets of $16K (revenue +136.2% year-over-year).
- 2019: Revenue of $302K, expenses of $323K, and assets of $22K (revenue -29.0% year-over-year).
- 2018: Revenue of $426K, expenses of $419K, and assets of $42K (revenue +28.1% year-over-year).
- 2017: Revenue of $332K, expenses of $539K, and assets of $36K (revenue -0.7% year-over-year).
- 2016: Revenue of $335K, expenses of $352K, and assets of $242K (revenue -7.0% year-over-year).
- 2015: Revenue of $360K, expenses of $150K, and assets of $259K (revenue +17.8% year-over-year).
- 2014: Revenue of $306K, expenses of $339K, and assets of $250K (revenue -4.3% year-over-year).
- 2013: Revenue of $319K, expenses of $317K, and assets of $283K (revenue +23.7% year-over-year).
- 2012: Revenue of $258K, expenses of $133K, and assets of $281K (revenue +31.0% year-over-year).
- 2011: Revenue of $197K, expenses of $276K, and assets of $156K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ride Cincinnati Foundation:
Data Sources and Methodology
This transparency report for Ride Cincinnati Foundation 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.