Ridgefield Fathers Club Inc

Analysis

Ridgefield Fathers Club Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in January 2022, 4 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 January 2024, Ridgefield Fathers Club Inc reported income of $51k and spending of $21k, leaving 60% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income fell from $115k to $51k (-56%), an average of -56% a year. The sharpest change came in the year to January 2024, when income dropped by 56%. Over the whole period it spent 47% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ridgefield Fathers Club Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within CT. Charities of a similar size with the same main cause include Community Commitment Education Center ($51k), Destiny Theater ($51k) and Regional Economic Development Investments Inc ($51k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 2.0% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.