Sanatoga Ridge Community Inc

Analysis

Sanatoga Ridge Community Inc is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Sanatoga Ridge Community Inc reported income of $3.8m and spending of $4.6m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.8m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Sanatoga Ridge Community Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Three Roots Capital ($3.8m), 1231-1235 Good Hope Road Inc ($3.8m) and Centro Para LA Reconstruccion Del Habitat ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $105k (2.3% of expenses). Other salaries and wages came to $424k. At year end it held assets of $10.8m against liabilities of $32.9m, net assets of -$22.1m. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.