Ridgeview Insurance Company

Analysis

Ridgeview Insurance Company is a registered charity in United States, based in Waconia, MN. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Ridgeview Insurance Company reported income of $681k and spending of $5.8m, spending 848% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $681k (-85%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 89%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ridgeview Insurance Company sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Montana Meth Project ($681k), Corporation for Advancement of Medical Technologies ($681k) and Rehoboth Ambulance Committee Inc ($681k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 9.3% of the total. At year end it held assets of $12.1m against liabilities of $847k, net assets of $11.2m.