Ridc Southwestern Pennsylvania Growth Fund

Analysis

Ridc Southwestern Pennsylvania Growth Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ridc Southwestern Pennsylvania Growth Fund reported income of $10.1m and spending of $15.7m, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $10.1m (+166%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 186%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridc Southwestern Pennsylvania Growth Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Educational Resources Inc ($10.1m), Diocese of Baton Rouge Child Nutrition Program ($10.1m) and Astraea Foundation Inc ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 27% of the total. At year end it held assets of $117.5m against liabilities of $125.6m, net assets of -$8.1m.