Ridgefield Veterans Memorial Community Association Inc

Analysis

Ridgefield Veterans Memorial Community Association Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in August 1954, 72 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Ridgefield Veterans Memorial Community Association Inc reported income of $671k and spending of $546k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $593k to $671k (+13%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridgefield Veterans Memorial Community Association Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include BTX Art League ($671k), Kalamazoo Gay-Lesbian Resource Center ($671k) and Lakeside Qru Inc ($671k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% of the total. Other salaries and wages came to $182k. At year end it held assets of $2.8m against liabilities of $142k, net assets of $2.7m. It reported 4 employees.