Ridge Oak Inc

Analysis

Ridge Oak Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in July 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ridge Oak Inc reported income of $7.8m and spending of $5.9m, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.2m to $7.8m (+25%), an average of +4.6% a year. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ridge Oak Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Over the Rhine Community Housing ($7.8m), Catholic Charities Housing Services Diocese of Yakima ($7.8m) and PHW Oconomowoc Inc ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.2% and program service revenue 93% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $35.8m against liabilities of $303k, net assets of $35.5m. It reported 40 employees.