Colleen E Ritzer Memorial Fund Inc

Analysis

Colleen E Ritzer Memorial Fund Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Colleen E Ritzer Memorial Fund Inc reported income of $611k and spending of $104k, leaving 83% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income fell from $1.2m to $611k (-51%), an average of -30% a year. The sharpest change came in the year to September 2023, when income rose by 228%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colleen E Ritzer Memorial Fund Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Profound Ladies Inc ($611k), Smart Start of Yadkin County Inc ($611k) and City Elementary ($611k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.