Ridgewood Newcomers Club Inc

Analysis

Ridgewood Newcomers Club Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in February 2019, 7 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 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 2023, Ridgewood Newcomers Club Inc reported income of $55k and spending of $42k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $56k to $55k (-1.3%), an average of -1.3% a year. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ridgewood Newcomers Club Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include GHF Residential Services ($55k), Tri-Community W-E-B Association ($55k) and I Am Beacon Inc ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 52% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.