The Greater Ridgewood Restoration

Analysis

The Greater Ridgewood Restoration is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in March 1977, 49 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Greater Ridgewood Restoration reported income of $360k and spending of $265k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $249k to $360k (+45%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Greater Ridgewood Restoration sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Miami Downtown Redevelopment Authority ($360k), Economic Club of Nashville Charities Inc ($360k) and Hometown Connect Inc ($360k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $100k. At year end it held assets of $483k against liabilities of $0, net assets of $483k. It reported 2 employees.