Ridgewood Seniors Community Corporation

Analysis

Ridgewood Seniors Community Corporation is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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 Seniors Community Corporation reported income of $308k and spending of $179k, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $191k to $308k (+61%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridgewood Seniors Community Corporation 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 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include The Michigan Center for Civic Education ($308k), Anjuman Wazifa Sadaat O Momineen North America Inc ($308k) and Firelands Assn for the Visual Arts ($308k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.4m against liabilities of $28k, net assets of $1.3m. It reported 2 employees.