Ridgewood Concert Band Inc

Analysis

Ridgewood Concert Band Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in May 1987, 39 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 Concert Band Inc reported income of $71k and spending of $74k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $59k to $71k (+20%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridgewood Concert Band Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Memorial Scholarship Loan Fund of College Club of Ridgewood N J ($71k), Pelican Media ($71k) and Georgia Extension 4-H Foundation ($71k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. At year end it held assets of $73k against liabilities of $243, net assets of $73k.