The event was hosted by New Horizons Tasmania - a not-for-profit organisation providing sport, recreational, and social opportunities for Tasmanians with a disability - on March 21 to raise crucial funds.

The organisation's federal government funding will run out at the end of the month and without grants or donations, the future of the organisation is in jeopardy.

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The event attracted over 200 registrations online, but registrations were still open on the day.

New Horizons Tasmania chief executive officer Belinda Kitto said the event was "super important".

"This is going to be a good injection for New Horizons to be able to continue programs," she said.

"Having to cancel last year because of COVID really did make a big dent for us, and as most know we are without funding security at the moment, so we have just been overwhelmed with support."

Ms Kitto also praised all the cyclists who rode and got behind the fundraiser.

"[I'm] just really proud of everyone that's helped and everyone participating," she said.

The rides departed from Prospect Vale Park, and with five different rides available, there was something for everyone.

However, the most popular rides of the day were the 140km and the 100km, which started before the wind kicked in.

"That was fantastic to see those big bunches go off," Ms Kitto said.

Participant Frank Lorhey, of Prospect Vale, said he wanted to do the ride to support New Horizons and his own mental and physical health.

He did not do much to prepare for the event but he chose not to ride the day before, deciding instead to take it easy on his body before the ride.

Mr Lorhey encouraged other members of the community to sign up next year.

Another participant, Julieanne Richards of Legana, said the ride was a great cause to support.

"New Horizons meets a really important need in the community," she said.

Ms Richards said it was a fun event to participate in with friends, while keeping healthy.

However, it was not only cyclists in attendance.

New Horizons member Carolina Ascui, of Trevallyn, said it meant so much to her to see the support from the community.

"On behalf of the members, I would like to thank the public for this big turn out today," she said.

Paul Beardsley, of Invermay, participates every year in the event to show his support for those with a disability.

"I work in disability," he said. "I come along to support them."

The event, at last count, had raised about $5500 online.

However, with donations, on-the-day registering, and a barbecue, Ms Kitto believed that number would rise.

To donate visit newhorizonstas.org.au.