Friends of Ridgefield Community Programs Inc

Analysis

Friends of Ridgefield Community Programs Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in October 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Ridgefield Community Programs Inc reported income of $173k and spending of $183k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $444k to $173k (-61%), an average of -27% a year. The sharpest change came in the year to June 2021, when income dropped by 60%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Ridgefield Community Programs Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CT. Charities of a similar size with the same main cause include Concerned Citizens for Oak Harbor Area ($173k), Bay Village Neighborhood Association Inc ($173k) and Circular Philadelphia ($173k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,285 against liabilities of $0, net assets of $8,285.