Community Improvement (S20A) IRS Verified DX Registered 990 on File

RIDEWISE INC

EIN: 22-2998959 · SOMERVILLE, NJ 08876-2943 · United States · FY 2025 Data

3 out of 5 52 / 100 Based on 2+ years of filings

Financial strength (30%) 73/100

Reliability (20%) 55/100

Effectiveness (25%) 76/100

Impact (25%) No data yet

Financial data: FY 2025 · Scored 9/13/2026

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Mission Statement

RideWise is an independent not-for-profit organization that educates businesses and the community regarding alternative transportation options in Somerset County. Our mission is to promote and implement programs that improve mobility options. The agency partners with businesses, municipalities, K-8 schools and nonprofit agencies to address a variety of mobility issues.

Financial Overview — FY 2025

$677K

Total Revenue

$668K

Total Expenses

$316K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 65.0%

Fundraising Efficiency N/A

Operating Reserve 5.68x

Liability-to-Asset 8.6%

Revenue Diversification 100.0%

Executive Compensation $100K

Compared with Peers

FY 2025

Compared with 2,137 similar organizations (United States, Community Improvement, $100K–$1M in expenses), FY 2025.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	65.0%	84.4%	P10P90	Bottom quarter
Admin expense ratio Management and general / total expenses · lower is better	35.0%	12.7%	P10P90	Bottom quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.0%	0.0%	P10P90	Top quarter
Operating reserve Months of expenses covered by net assets · higher is better	5.7 mo	11.1 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	8.6%	2.2%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	100.0%	91.6%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	-2.8%	4.2%	P10P90
Expense growth Year over year expense growth	1.4%	8.4%	P10P90
Surplus margin Surplus as a share of revenue	1.4%	2.7%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2025	$677K	$668K	$316K	65.0%	7
2024	$697K	$659K	$307K	63.4%	7
2023	$647K	$623K	$268K	61.8%	6
2022	$601K	$614K	$244K	59.6%	6
2021	$624K	$566K	N/A	—	6

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Organization Details

EIN: 22-2998959
State: NJ
City: SOMERVILLE
ZIP: 08876-2943
Classification: S20A
Category: Community Improvement
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1992
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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