Ridgecrest Foundation

Analysis

Ridgecrest Foundation is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Ridgecrest Foundation reported income of $220k and spending of $352k, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $387k to $220k (-43%), an average of -13% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ridgecrest Foundation 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 56th percentile, and in the 57th percentile within IA. Charities of a similar size with the same main cause include Robert Trent Jones Golf Club Charitable Foundation ($220k), Tavia and Freda Gordon Foundation Inc ($220k) and Mission Servants Ministries ($220k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. Other salaries and wages came to $72k. At year end it held assets of $3.0m against liabilities of $32k, net assets of $3.0m.