Ridgewood Public Library Foundation Inc

Analysis

Ridgewood Public Library Foundation Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Ridgewood Public Library Foundation Inc reported income of $1.3m and spending of $570k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $1.3m (+1449%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 931%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ridgewood Public Library Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Careervillage Inc ($1.3m), Liberty Christian School of Walla Walla Washington ($1.3m) and Florida Futures Academy Charter Schools Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.