Ridge Hsa Inc

Analysis

Ridge Hsa Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Ridge Hsa Inc reported income of $89k and spending of $59k, leaving 34% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $13k to $89k (+569%), an average of +569% a year. The sharpest change came in the year to June 2023, when income rose by 569%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ridge Hsa Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Patriot Band Support Organization ($89k), Parent Teacher Organization PTO Main Elementary ($89k) and Societe Maxcen-Math Maxcen-Math Society ($89k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 8.7% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.