Ripple Intent

Analysis

Ripple Intent is a registered charity in United States, based in Severance, CO. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ripple Intent reported income of $111k and spending of $116k, spending 105% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $118k to $111k (-6.0%), an average of -6.0% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ripple Intent sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within CO. Charities of a similar size with the same main cause include Circle of Nations Inc ($111k), Area Jobs Development Association ($111k) and Junior League of Annapolis Inc ($111k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $48k against liabilities of $1,229, net assets of $47k.