Ridc Mill 19a

Analysis

Ridc Mill 19a is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in August 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 Mill 19a reported income of $2.1m and spending of $1.3m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.1m (+99%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 99%. Over the whole period it spent 131% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ridc Mill 19a 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 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Womens Foundation of Arkansas ($2.1m), Alliance for Manufacturing & Technology of Southern Tier Inc ($2.1m) and Gulf Coast Economic Development District Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $31.0m against liabilities of $40.5m, net assets of -$9.5m.