Ripple Effects Group

Analysis

Ripple Effects Group is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in May 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 December 2023, Ripple Effects Group reported income of $473k and spending of $511k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $68k to $473k (+597%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ripple Effects Group 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 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Alliance Industries Inc ($473k), Humanitas Inc ($473k) and Tampa Bay Community & Family Development Corporation ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $128k (25% of expenses). Other salaries and wages came to $78k. At year end it held assets of $516k against liabilities of $380k, net assets of $136k. It reported 9 employees.