East Ridge CT Inc

Analysis

East Ridge CT Inc is a registered charity in United States, based in Renville, MN. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, East Ridge CT Inc reported income of $123k and spending of $171k, spending 139% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $106k to $123k (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2022, when income rose by 79%. Over the whole period it spent 131% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Ridge CT Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within MN. Charities of a similar size with the same main cause include Jarvis Township Senior Citizens ($123k), Senior Lift Center Inc ($123k) and Dima VII Inc ($123k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $810k against liabilities of $1.4m, net assets of -$544k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.