Ridgewater College Foundation

Analysis

Ridgewater College Foundation is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Ridgewater College Foundation reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.5m to $1.9m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ridgewater College Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include Jeca ($1.9m), The George Mason University Instructional Foundation Inc ($1.9m) and Middle Creek Academy Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $47k (3.0% of expenses). Other salaries and wages came to $191k. At year end it held assets of $4.4m against liabilities of $207k, net assets of $4.2m.