Ripple Inc

Analysis

Ripple Inc is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Ripple Inc reported income of $642k and spending of $619k, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $558k to $642k (+15%), an average of +3.6% a year. The sharpest change came in the year to August 2022, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ripple Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Jackson-Reed Crew Booster Club Inc ($642k), Seattle Skeet and Trap Club ($643k) and Grand Rapids Amateur Hockey Association Inc ($642k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 88% of the total. Other salaries and wages came to $338k. At year end it held assets of $306k against liabilities of $6,205, net assets of $300k. It reported 25 employees.