Ridgewood Fourth of July Parade Celebration

Analysis

Ridgewood Fourth of July Parade Celebration is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Ridgewood Fourth of July Parade Celebration reported income of $121k and spending of $104k, spending 86% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $103k to $121k (+18%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 18%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ridgewood Fourth of July Parade Celebration sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Allen Arts Alliance ($121k), Longview Symphony Foundation ($121k) and Little Theatre Off Broadway ($121k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.