Ridgeway Senior Living

Analysis

Ridgeway Senior Living is a registered charity in United States, based in Lexington, NE. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Ridgeway Senior Living reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $670k to $1.7m (+155%), an average of +155% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ridgeway Senior Living sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Human Services Center Corporation ($1.7m), My Fathers Arrows Inc ($1.7m) and The Water Trust Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $933k. At year end it held assets of $292k against liabilities of $46k, net assets of $247k. It reported 63 employees.