Ridewise Inc
Ridewise Inc: Consistent Revenue, High Administrative Costs, and Declining Program Spending
EIN: 222998959 · Somerville, NJ · NTEE: S20A · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $697K |
| Total Expenses | $623K |
| Program Spending | 60% |
| Net Assets | $268K |
| Transparency Score | 65/100 |
Is Ridewise Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ridewise Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Ridewise Inc
Ridewise Inc (EIN: 222998959) is a nonprofit organization based in Somerville, NJ, classified under NTEE code S20A. The organization reported total revenue of $697K and total assets of $329K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridewise Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ridewise Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $623K |
| Surplus / Deficit | +$25K |
| Total Assets | $295K |
| Total Liabilities | $27K |
| Net Assets | $268K |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Ridewise Inc reported a surplus of $25K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ridewise Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.7% | +1.5% | +9.3% |
| 2022 | -3.7% | +8.5% | -2.8% |
| 2021 | -5.7% | -13.1% | +38.0% |
| 2020 | -1.0% | +3.9% | +3.2% |
| 2019 | -6.3% | -6.8% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1990 |
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 Ridewise Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Ridewise Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. However, given the overall expense structure, it warrants further investigation.
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 Ridewise Inc's IRS 990 filings:
- Administrative expenses appear high relative to program spending, potentially impacting direct service delivery.
- Lack of clear, detailed program spending breakdown in available data.
- No explicit mention of executive compensation in the provided data, which is a red flag for transparency.
- Declining trend in program spending relative to total expenses over recent years.
Strengths
The following positive indicators were identified for Ridewise Inc:
- Consistent revenue generation over several years, indicating stable donor support or funding streams.
- Positive net assets, showing financial stability.
- Long operational history (since at least 2016 based on provided data).
Frequently Asked Questions about Ridewise Inc
Is Ridewise Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ridewise Inc (EIN: 222998959) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Ridewise Inc spend its money?
Ridewise Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ridewise Inc tax-deductible?
Ridewise Inc is registered as a tax-exempt nonprofit (EIN: 222998959). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ridewise Inc's spending goes to programs?
Ridewise Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Ridewise Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ridewise Inc is above average for NTEE category S20A nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ridewise Inc located?
Ridewise Inc is headquartered in Somerville, New Jersey and files with the IRS under EIN 222998959. It is classified under NTEE code S20A.
How many years of IRS 990 filings does Ridewise Inc have?
Ridewise Inc 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 $697K in total revenue.
What does Ridewise Inc do?
Ridewise Inc is a nonprofit organization in the Community Improvement sector, located in Somerville, New Jersey. It is classified under NTEE code S20A.
How much revenue does Ridewise Inc have?
Ridewise Inc reported total revenue of $696,897. Based on 13 IRS 990 filings on record.
What are Ridewise Inc's total assets?
Ridewise Inc holds total assets of $329,267 as reported in IRS 990 filings.
Where is Ridewise Inc located?
Ridewise Inc is based in Somerville, New Jersey.
What is Ridewise Inc's EIN?
Ridewise Inc's Employer Identification Number (EIN) is 222998959. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ridewise Inc?
Ridewise Inc is classified under NTEE code S20A (Community Improvement).
Is Ridewise Inc a registered 501(c)(3)?
Yes, Ridewise Inc is recognized as a tax-exempt organization by the IRS. EIN: 222998959.
Does Ridewise Inc file IRS Form 990?
Yes, Ridewise Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Ridewise Inc's revenue in 2023?
In the 202306 filing period, Ridewise Inc reported total revenue of $647,147, total expenses of $622,616, and net assets of $295,121.
Is Ridewise Inc's revenue growing or declining?
Ridewise Inc's revenue is growing. Revenue went from $601,020 (202206) to $647,147 (202306), a +7.7% change. Based on 13 filings on record.
What is Ridewise Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ridewise Inc covers tax period 202306. It shows revenue of $647,147, expenses of $622,616, total assets of $295,121, and liabilities of $26,676.
How much does Ridewise Inc spend on programs vs administration?
Based on IRS 990 analysis, Ridewise Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Ridewise Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ridewise Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Ridewise Inc?
The following concerns were identified: Administrative expenses appear high relative to program spending, potentially impacting direct service delivery.. Lack of clear, detailed program spending breakdown in available data.. No explicit mention of executive compensation in the provided data, which is a red flag for transparency.. Declining trend in program spending relative to total expenses over recent years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ridewise Inc's strengths?
Positive indicators for Ridewise Inc include: Consistent revenue generation over several years, indicating stable donor support or funding streams.. Positive net assets, showing financial stability.. Long operational history (since at least 2016 based on provided data).. These findings are derived from AI analysis of the organization's financial filings.
How does Ridewise Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. However, given the overall expense structure, it warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Ridewise Inc. justify its administrative and fundraising expense percentages, and what specific measures are in place to optimize these costs to maximize program impact?
Without more detailed financial breakdowns, it's challenging to ascertain the specific drivers of administrative and fundraising costs. A deeper dive into their Form 990s would be needed to identify specific line items and assess their efficiency.
What are the specific programs Ridewise Inc. operates, and how do they measure the impact and effectiveness of these programs?
The provided data does not detail specific programs or their impact metrics. This information would typically be found in annual reports, program brochures, or on their official website, which are not included in the dataset.
Filing History
IRS 990 filing history for Ridewise Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ridewise Inc's revenue has grown by 24%, moving from $522K to $647K. Total assets decreased by 22.2% over the same period, from $379K to $295K. Total functional expenses rose by 9.1%, from $571K to $623K. In its most recent filing year (2023), Ridewise Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $27K in liabilities against $295K in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $268K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $647K | $623K | $295K | $27K | — | View 990 |
| 2022 | $601K | $614K | $270K | $26K | — | View 990 |
| 2021 | $624K | $566K | $278K | $21K | — | View 990 |
| 2020 | $662K | $651K | $201K | $3K | — | View 990 |
| 2019 | $669K | $627K | $195K | $9K | — | View 990 |
| 2018 | $714K | $672K | $174K | $29K | — | View 990 |
| 2017 | $747K | $711K | $144K | $41K | — | View 990 |
| 2016 | $691K | $812K | $151K | $84K | — | View 990 |
| 2015 | $731K | $772K | $202K | $14K | — | View 990 |
| 2014 | $620K | $671K | $230K | $1K | — | View 990 |
| 2013 | $578K | $641K | $289K | $10K | — | View 990 |
| 2012 | $526K | $554K | $346K | $3K | — | View 990 |
| 2011 | $522K | $571K | $379K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $647K, expenses of $623K, and assets of $295K (revenue +7.7% year-over-year).
- 2022: Revenue of $601K, expenses of $614K, and assets of $270K (revenue -3.7% year-over-year).
- 2021: Revenue of $624K, expenses of $566K, and assets of $278K (revenue -5.7% year-over-year).
- 2020: Revenue of $662K, expenses of $651K, and assets of $201K (revenue -1.0% year-over-year).
- 2019: Revenue of $669K, expenses of $627K, and assets of $195K (revenue -6.3% year-over-year).
- 2018: Revenue of $714K, expenses of $672K, and assets of $174K (revenue -4.4% year-over-year).
- 2017: Revenue of $747K, expenses of $711K, and assets of $144K (revenue +8.1% year-over-year).
- 2016: Revenue of $691K, expenses of $812K, and assets of $151K (revenue -5.5% year-over-year).
- 2015: Revenue of $731K, expenses of $772K, and assets of $202K (revenue +17.9% year-over-year).
- 2014: Revenue of $620K, expenses of $671K, and assets of $230K (revenue +7.4% year-over-year).
- 2013: Revenue of $578K, expenses of $641K, and assets of $289K (revenue +9.8% year-over-year).
- 2012: Revenue of $526K, expenses of $554K, and assets of $346K (revenue +0.8% year-over-year).
- 2011: Revenue of $522K, expenses of $571K, and assets of $379K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ridewise Inc:
Data Sources and Methodology
This transparency report for Ridewise 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.