First Fruits of the Ridge Inc

Analysis

First Fruits of the Ridge Inc is a registered charity in United States, based in Morganton, GA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, First Fruits of the Ridge Inc reported income of $538k and spending of $327k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.7m to $538k (-80%), an average of -80% a year. The sharpest change came in the year to December 2023, when income dropped by 80%. Over the whole period it spent 16% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Fruits of the Ridge Inc 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 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include Feed Seven Generations ($538k), Healing with Horses Ranch ($538k) and Inn Home for Boys ($538k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $65k (20% of expenses). At year end it held assets of $2.8m against liabilities of $1,110, net assets of $2.8m. It reported 1 employees.