Ridge Historical Society

Analysis

Ridge Historical Society is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1972, 54 years ago. 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, Ridge Historical Society reported income of $62k and spending of $52k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $77k to $62k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridge Historical Society sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($62k), Omaha Press Club Foundation Inc ($62k) and PTA North Carolina Congress ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 4.2% of the total. At year end it held assets of $954k against liabilities of $0, net assets of $954k.