True Ridge

Analysis

True Ridge is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in November 2018, 8 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 December 2022, True Ridge reported income of $527k and spending of $560k, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $203k to $527k (+160%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, True Ridge sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Center for Parent-Youth Understanding ($527k), Life of Hope ($527k) and Michael E Thornton Foundation ($527k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $139k. At year end it held assets of $252k against liabilities of $0, net assets of $252k. It reported 11 employees.