Ripple Effect Inc

Analysis

Ripple Effect Inc is a registered charity in United States, based in Allendale, MI. It received its IRS tax-exemption ruling in June 2024, 2 years ago. 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 May 2023, Ripple Effect Inc reported income of $228k and spending of $222k, spending 97% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $125k to $228k (+83%), an average of +22% a year. The sharpest change came in the year to May 2021, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ripple Effect Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Friends of the Chapel of Four Chaplains Inc ($228k), The Mooring Foundation Inc ($228k) and South Dearborn Schools Endowment Corporation ($228k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 5.7% and program service revenue 94% of the total. Other salaries and wages came to $95k. At year end it held assets of $71k against liabilities of $965, net assets of $70k. It reported 14 employees.