Ridgewood School Association

Analysis

Ridgewood School Association is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in March 1962, 64 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ridgewood School Association reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.5m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2020, when income dropped by 29%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ridgewood School Association sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Islamic Academy of Alabama- Inc ($1.5m), Beginning Project ($1.5m) and Lycee Franco-Americain International School Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $104k (7.4% of expenses). Other salaries and wages came to $730k. At year end it held assets of $5.1m against liabilities of $20k, net assets of $5.1m. It reported 40 employees.