Ridge Oak Management Inc

Analysis

Ridge Oak Management Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Ridge Oak Management Inc reported income of $373k and spending of $288k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $254k to $373k (+47%), an average of +8.0% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ridge Oak Management Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Vernon Senior Citizens Housing Development Corporation ($373k), Sommerset Place ($373k) and Gloucester Development Team Inc ($373k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 79% of the total. Compensation of current officers, directors and key employees was $236k (82% of expenses). At year end it held assets of $2.4m against liabilities of $1.2m, net assets of $1.2m. It reported 1 employees.