Ridgewood Older Adult Center and Services Inc

Analysis

Ridgewood Older Adult Center and Services Inc is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ridgewood Older Adult Center and Services Inc reported income of $672k and spending of $702k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $629k to $672k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ridgewood Older Adult Center and Services Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Shelton Valley Christian Development Center ($672k), Guide Dogs of Texas Inc ($672k) and Kids N Hope Foundation Inc ($672k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $101k (14% of expenses). Other salaries and wages came to $221k. At year end it held assets of $227k against liabilities of $41k, net assets of $187k. It reported 10 employees.