Ricochet Productions Incorporated

Analysis

Ricochet Productions Incorporated is a registered charity in United States, based in Ojai, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, Ricochet Productions Incorporated reported income of $366k and spending of $412k, spending 112% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income grew from $116k to $366k (+215%), an average of +215% a year. The sharpest change came in the year to April 2024, when income rose by 215%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ricochet Productions Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include H B Playwrights Foundation Inc ($366k), KLCS Education Foundation ($366k) and Museum Trustee Association ($366k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (20% of expenses). At year end it held assets of $22k against liabilities of $5,454, net assets of $17k. It reported 2 employees.