Ridge Oak II Inc

Analysis

Ridge Oak II Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Oak II Inc reported income of $552k and spending of $688k, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $437k to $552k (+26%), an average of +4.8% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ridge Oak II Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within NJ. Charities of a similar size with the same main cause include Rising Sun and Ohio County Senior Citizens Housing Inc ($552k), Parkside Manor Inc ($552k) and 1350 Ogden Avenue HDFC Inc ($552k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Other salaries and wages came to $82k. At year end it held assets of $2.8m against liabilities of $764k, net assets of $2.0m.

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.