Ridgewood Hoops Club Inc

Analysis

Ridgewood Hoops Club Inc is a registered charity in United States, based in Ramsey, NJ. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ridgewood Hoops Club Inc reported income of $152k and spending of $139k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $152k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ridgewood Hoops Club Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Holden Youth Soccer League Inc ($152k), Suwanee County Fair Association Inc ($152k) and Pemberville Free Fair Inc ($152k).

At year end it held assets of $162k against liabilities of $0, net assets of $162k.