Riddicks Folly Inc

Analysis

Riddicks Folly Inc is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Riddicks Folly Inc reported income of $98k and spending of $70k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $43k to $98k (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Riddicks Folly Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include Christian Tech Center Ministries Inc ($98k), Wic Association of New York State Inc ($98k) and Little League Baseball Inc ($98k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $29k (41% of expenses). Other salaries and wages came to $13k. At year end it held assets of $916k against liabilities of $2,693, net assets of $913k. It reported 2 employees.