KYLE PETTY CHARITY RIDE INC

EIN: 562230609 501(c)(3) Philanthropy & Grantmaking

CHARLOTTE, NC

Total Revenue
$1,598,457
Total Expenses
$1,765,075
Total Assets
$1,229,446
Net Assets
$1,091,165
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
KYLE PETTY
Phone
7047144545
Tax Period
2025-01-01 to 2025-12-31

KYLE PETTY CHARITY RIDE INC, founded in 2000, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

KPCR ENGAGES IN ACTIVITIES TO BENEFIT HOSPITALS AND OTHER CHARITABLE ORGANIZATIONS WHICH ASSIST CHILDREN AFFLICTED WITH DISEASE OR INJURY AND TO PROMOTE COMMUNITY AWARENESS OF THE NEEDS OF CHILDREN WITH SERIOUS DISEASES, ILLNESS AND INJURY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $509,387
Program Service Revenue $0
Investment Income $32,863
Other Revenue $1,056,207
TOTAL REVENUE $1,598,457

Expense Breakdown

Grants Paid $710,000
Salaries & Benefits $167,453
Fundraising Expenses $941,855
Program Expenses $748,758
Other Expenses $887,622
TOTAL EXPENSES $1,765,075

Year-over-Year Comparison

2025 2024 Change
Revenue $1,598,457 $1,930,346 -0.2%
Expenses $1,765,075 $1,816,072 0.0%
Net Income $-166,618 $114,274 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$106,029
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYLE E PETTY PRESIDENT 0.00
Officer Director
$0 $0 $0
DR DAVID F MARTIN BOARD MEMBER 0.00
Director
$0 $0 $0
TERRY CAMPBELL TREASURER 0.00
Officer Director
$0 $0 $0
MORRI IRVIN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
MIKE HEAFNER SECRETARY 0.00
Officer Director
$0 $0 $0
GEORGE CABLE BOARD MEMBER 0.00
Director
$0 $0 $0
JOHN CHRISTNER BOARD MEMBER 0.00
Director
$0 $0 $0
VIC MISENHEIMER ASST SECRETARY 0.00
Officer Director
$0 $0 $0
JOHN GURLEY BOARD MEMBER 0.00
Director
$0 $0 $0
JASON MANAFORT BOARD MEMBER 0.00
Director
$0 $0 $0
JUSTIN MANAFORT BOARD MEMBER 0.00
Director
$0 $0 $0
MORGAN CASTANO PETTY EXECUTIVE DIRECTOR 40.00
Officer
$106,029 $0 $106,029
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,598,457 $1,765,075 $1,229,446 $-166,618
2024 $1,930,346 $1,816,072 $1,404,079 $114,274
2023 $1,351,087 $1,391,778 $1,275,566 $-40,691
2022 $1,311,473 $1,342,647 $1,283,613 $-31,174
2021 $429,789 $398,703 $1,660,340 $31,086
2020 $183,315 $275,782 $1,631,536 $-92,467
2019 $1,191,705 $1,126,954 $1,215,813 $64,751
2018 $988,850 $900,231 $1,150,586 $88,619
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