Ridge Homes Inc

Analysis

Ridge Homes Inc is a registered charity in United States, based in Malvern, AR. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Ridge Homes Inc reported income of $57k and spending of $51k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $57k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ridge Homes Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within AR. Charities of a similar size with the same main cause include Southcare Nursing Center ($57k), Guide Marywood House Inc ($57k) and Build a Home Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $141k against liabilities of $93k, net assets of $48k.