Ridc LTC 48

Analysis

Ridc LTC 48 is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 2018, 8 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ridc LTC 48 reported income of $7.6m and spending of $3.4m, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $7.6m (+411%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ridc LTC 48 sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Forge City Works ($7.6m), Information Technology Andinnovation Foundation ($7.6m) and Jobs for Americas Graduates Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 36% of the total. At year end it held assets of $16.9m against liabilities of $14.4m, net assets of $2.5m.