Ridge Art Association Inc

Analysis

Ridge Art Association Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in August 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Art Association Inc reported income of $71k and spending of $50k, leaving 30% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $56k to $71k (+27%), an average of +13% a year. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ridge Art Association Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Jewish Womens Repertory Company ($71k), Friends of the Medal of Honor Grove ($71k) and Openspace Education ($71k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $20k against liabilities of $4,663, net assets of $15k.