Overview
What is Kyle Petty Charity Ride Inc?
Kyle Petty Charity Ride Inc, located in Charlotte, North Carolina, is a compassionate nonprofit organization with a mission to support various community and children's charities. They engage in numerous activities, primarily benefiting hospitals and other charitable organizations that aid children affected by diseases, injuries, or other adversities. The organization strives to raise community awareness about the needs of these children, advocating for their well-being and care. With a dedicated workforce of four individuals, Kyle Petty Charity Ride Inc is committed to making a difference in the lives of these children and their families.
Official website here: www.kylepettycharityride.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Kyle Petty Charity Ride Inc has received a high score of 96%, reflecting strong performance in accountability and finance. The organization boasts a perfect score for its independent board members and effective financial oversight, indicating a commitment to transparency and governance. The charity's financial statements are well-managed, with no material diversion of assets reported, which instills confidence in potential donors.
Strengths noted include a high program expense ratio of 73.22%, suggesting that a significant portion of donations directly supports its programs. The organization also has robust policies in place, such as a conflict of interest policy and a whistleblower policy, which further enhance its operational integrity. The presence of a dedicated audit and oversight committee indicates a proactive approach to maintaining financial health and accountability.
However, while the overall financial indicators are strong, the summary does not provide insights into the specific programs or impacts of the charity's activities, which could be beneficial for potential supporters looking to understand the organization's reach and effectiveness further. Overall, Kyle Petty Charity Ride Inc appears to be a well-managed nonprofit with a clear focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Kyle Petty Charity Ride Inc legitimate?
Kyle Petty Charity Ride Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kyle Petty Charity Ride Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $96,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $110,836
For more financial information, click here
Official website here: www.kylepettycharityride.com
What is the mission statement of Kyle Petty Charity Ride Inc?
Kyle Petty Charity Ride Inc is an organization that engages in activities to support hospitals and other charitable organizations that assist children afflicted with diseases or injuries. Their mission is to raise awareness in the community about the needs of children suffering from serious illnesses, diseases, and injuries. They aim to contribute to these charities, thereby providing essential aid to these children in need.
Official website here: www.kylepettycharityride.com
Who is the CEO of Kyle Petty Charity Ride Inc?
Kyle Petty is the President of Kyle Petty Charity Ride Inc.
Official website here: www.kylepettycharityride.com
What is the revenue of Kyle Petty Charity Ride Inc?
Kyle Petty Charity Ride Inc's revenue in 2022 was $1,311,473.
Official website here: www.kylepettycharityride.com
Who are the executives of Kyle Petty Charity Ride Inc and what are their salaries?
The average compensation at Kyle Petty Charity Ride Inc during 2022 was $51,806. There are 4 employees at Kyle Petty Charity Ride Inc.
Here are 11 key members and their salaries:
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- Compensation: $96,390
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Official website here: www.kylepettycharityride.com
Where can I find the form 990 for Kyle Petty Charity Ride Inc?
Kyle Petty Charity Ride Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kylepettycharityride.com
Learn more at the official website: www.kylepettycharityride.com
Mission Statement of Kyle Petty Charity Ride Inc
Kyle Petty Charity Ride Inc, a nonprofit organization, is dedicated to making a positive impact on hospitals and other charitable entities that cater to children suffering from illnesses or injuries. The primary objective of this organization is to raise awareness within the community about the needs of these children, who are battling serious diseases or injuries. By engaging in various activities, Kyle Petty Charity Ride Inc aims to support these charitable organizations financially, thereby enabling them to provide essential care and assistance to these children.
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Impact
July, 2024
Kyle Petty Charity Ride Inc's impact lies in its dedicated efforts to benefit hospitals and charitable organizations that support children dealing with disease or injury. By organizing events and raising funds, the organization contributes to various community and children's charities, helping to alleviate the struggle of those facing serious illnesses. Through this work, Kyle Petty Charity Ride promotes community awareness of the needs of children with significant health challenges, making a tangible difference in the lives of those in need.
This information is meant to be a general summary of Kyle Petty Charity Ride Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$3,695
- Gross Receipts: $2,137,597
Assets and Liabilities:
- Total Assets: $1,283,613
- Total Liabilities: $277,387
- Net Assets: $1,006,226
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Organization Details
Founding Year
2000
Phone
(704) 714-4545Principal Officer
Kyle Petty
Main Address
10720 SIKES PLACE 145, CHARLOTTE, NC, 28277
Website
www.kylepettycharityride.comNTEE Category
Code: T30 - Philanthropy
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