Ridgefield Sunrise Cottage Foundation Inc

Analysis

Ridgefield Sunrise Cottage Foundation Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in July 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 (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, Ridgefield Sunrise Cottage Foundation Inc reported income of $72k and spending of $102k, spending 141% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $89k to $72k (-19%), an average of -4.1% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 119% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ridgefield Sunrise Cottage Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within CT. Charities of a similar size with the same main cause include San Francisco East Bay Blue Star Mo ($72k), El Cantare Foundation ($72k) and Wa Assoc for Children and Families Institute for Practice Improvement ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.1% and program service revenue 95% of the total. At year end it held assets of $420k against liabilities of $2,222, net assets of $418k.

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.