Ridgeview Foundation

Analysis

Ridgeview Foundation is a registered charity in United States, based in Waconia, MN. It received its IRS tax-exemption ruling in June 1978, 48 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ridgeview Foundation reported income of $4.1m and spending of $2.8m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.1m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ridgeview Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Hogs for the Cause ($4.1m), Abrasba Foundation ($4.1m) and Community Foundation of Southern Indiana Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $24.3m against liabilities of $615k, net assets of $23.7m.