Ripple Community Inc

Analysis

Ripple Community Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Ripple Community Inc reported income of $649k and spending of $546k, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $329k to $649k (+97%), an average of +18% a year. The sharpest change came in the year to September 2023, when income rose by 46%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ripple Community Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Rocky Mountain Employee Ownership Center ($648k), Good Business Colorado ($649k) and National Latino Education Institute ($647k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $87k (16% of expenses). Other salaries and wages came to $247k. At year end it held assets of $698k against liabilities of $146k, net assets of $552k. It reported 9 employees.