Senior Ride Charleston
Senior Ride Charleston shows consistent operations but declining assets and frequent deficit spending.
EIN: 202311192 · Goose Creek, SC · Updated: 2026-03-28
Is Senior Ride Charleston Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Senior Ride Charleston directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Senior Ride Charleston
Senior Ride Charleston (EIN: 202311192) is a nonprofit organization based in Goose Creek, SC. The organization reported total revenue of $268K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior Ride Charleston's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Senior Ride Charleston is a small nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $263K |
| Total Expenses | $278K |
| Surplus / Deficit | $-15,652 |
| Total Assets | $27K |
| Total Liabilities | $53K |
| Net Assets | $-25,760 |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 194.0% |
| Months of Reserves | 1.2 months |
Financial Health Grade: D
In 2018, Senior Ride Charleston reported a deficit of $16K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited), has a debt-to-asset ratio of 194.0% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Senior Ride Charleston's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -8.3% | -4.8% | -41.0% |
| 2017 | -0.1% | -1.7% | -24.5% |
| 2016 | -2.8% | +10.1% | -26.2% |
| 2015 | +14.3% | +4.5% | +35.8% |
| 2014 | +9.1% | +6.6% | +13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Senior Ride Charleston with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Senior Ride Charleston allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 194.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is a strong positive for a nonprofit of this size.
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 Senior Ride Charleston's IRS 990 filings:
- Declining asset base from $83,307 in 2015 to $27,394 in 2018.
- Liabilities ($53,154 in 2018) exceeding assets ($27,394) in the latest filing.
- Consistent deficit spending in most years (expenses exceeding revenue), indicating potential unsustainability without intervention.
Strengths
The following positive indicators were identified for Senior Ride Charleston:
- Consistent operational activity over an eight-year period, demonstrating sustained service delivery.
- 0% officer compensation reported across all filings, indicating a commitment to minimizing executive overhead.
- Stable revenue generation, consistently in the $200,000-$300,000 range, suggesting a reliable funding base.
Frequently Asked Questions about Senior Ride Charleston
Is Senior Ride Charleston a legitimate charity?
Based on AI analysis of IRS 990 filings, Senior Ride Charleston (EIN: 202311192) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Senior Ride Charleston spend its money?
Senior Ride Charleston directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Senior Ride Charleston tax-deductible?
Senior Ride Charleston is registered as a tax-exempt nonprofit (EIN: 202311192). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the detailed breakdown of Senior Ride Charleston's expenses into program, administrative, and fundraising categories?
The provided data does not offer a detailed breakdown of expenses. This information is crucial for a complete assessment of spending efficiency.
How does Senior Ride Charleston plan to address the trend of declining assets and frequent deficit spending?
The organization has experienced declining assets from $83,307 in 2015 to $27,394 in 2018, and expenses have exceeded revenue in most reported periods. A strategy to reverse these trends would be important for long-term financial stability.
What is the organization's strategy for managing its liabilities, which have sometimes exceeded its assets?
In 2018, liabilities ($53,154) were significantly higher than assets ($27,394). Understanding the nature of these liabilities and the plan to manage them is important.
Filing History
IRS 990 filing history for Senior Ride Charleston showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Senior Ride Charleston's revenue has grown by 41.6%, moving from $186K to $263K. Total assets decreased by 7.6% over the same period, from $30K to $27K. Total functional expenses rose by 36.5%, from $204K to $278K. In its most recent filing year (2018), Senior Ride Charleston reported a deficit of $16K, with expenses exceeding revenue. The organization holds $53K in liabilities against $27K in assets (debt-to-asset ratio: 194.0%), resulting in net assets of $-25,760.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $263K | $278K | $27K | $53K | — | View 990 |
| 2017 | $287K | $293K | $46K | $50K | — | View 990 |
| 2016 | $287K | $298K | $61K | $65K | — | View 990 |
| 2015 | $295K | $270K | $83K | $43K | — | View 990 |
| 2014 | $258K | $259K | $61K | $46K | — | View 990 |
| 2013 | $237K | $243K | $54K | $38K | — | View 990 |
| 2012 | $224K | $211K | $39K | $17K | — | View 990 |
| 2011 | $186K | $204K | $30K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $263K, expenses of $278K, and assets of $27K (revenue -8.3% year-over-year).
- 2017: Revenue of $287K, expenses of $293K, and assets of $46K (revenue -0.1% year-over-year).
- 2016: Revenue of $287K, expenses of $298K, and assets of $61K (revenue -2.8% year-over-year).
- 2015: Revenue of $295K, expenses of $270K, and assets of $83K (revenue +14.3% year-over-year).
- 2014: Revenue of $258K, expenses of $259K, and assets of $61K (revenue +9.1% year-over-year).
- 2013: Revenue of $237K, expenses of $243K, and assets of $54K (revenue +5.6% year-over-year).
- 2012: Revenue of $224K, expenses of $211K, and assets of $39K (revenue +20.8% year-over-year).
- 2011: Revenue of $186K, expenses of $204K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senior Ride Charleston:
Data Sources and Methodology
This transparency report for Senior Ride Charleston 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.