Eagle Ridge Academy Affiliated Building Company

Analysis

Eagle Ridge Academy Affiliated Building Company is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Eagle Ridge Academy Affiliated Building Company reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.8m (+18%), an average of +4.2% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eagle Ridge Academy Affiliated Building Company sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Difference Principle Inc ($2.8m), PS 58 Parent Teacher Association ($2.8m) and Bring on the Music Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $35.1m against liabilities of $39.5m, net assets of -$4.4m.

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.