Pleasant Ridge Foundation

Analysis

Pleasant Ridge Foundation is a registered charity in United States, based in Pleasant RDG, MI. It received its IRS tax-exemption ruling in August 1962, 64 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 August 2023, Pleasant Ridge Foundation reported income of $84k and spending of $42k, leaving 50% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $86k to $84k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to August 2022, when income rose by 153%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pleasant Ridge Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Midcoast Forum on Foreign Relations ($84k), Chicago Choral Artists ($84k) and Southwest Emergency Services Inc ($84k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.8% of the total. At year end it held assets of $348k against liabilities of $0, net assets of $348k.