Forest Ridge Academy Inc

Analysis

Forest Ridge Academy Inc is a registered charity in United States, based in Schererville, IN. It received its IRS tax-exemption ruling in August 1982, 44 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 2024, Forest Ridge Academy Inc reported income of $3.4m and spending of $3.1m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.0m to $3.4m (+15%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forest Ridge Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Mid-America Baptist Theological Seminary ($3.4m), University of Maryland Alumni Association Inc ($3.4m) and Rochester Montessori School Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.0% and program service revenue 83% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $6.1m against liabilities of $954k, net assets of $5.2m. It reported 73 employees.