Ridgeline Academy Inc

Analysis

Ridgeline Academy Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in July 1992, 34 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ridgeline Academy Inc reported income of $10.9m and spending of $9.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $10.9m (+131%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridgeline Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within AZ. Charities of a similar size with the same main cause include Urban Community School ($10.9m), Elk Haven Nursing Home Association ($10.9m) and Asian Americans for Equality Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $212k (2.3% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $25.6m against liabilities of $17.4m, net assets of $8.2m.