Is Ridgewood Hoops Club Inc Legit?

Ridgewood Hoops Club Inc demonstrates consistent financial health with a positive net income in most recent years, indicating effective management of its operations. For example, in 2023, revenue was $151,850 against expenses of $139,056, resulting in a surplus. The organization maintains a healthy asset base, with $162,100 in assets and no reported liabilities in 2023, suggesting strong financial stability and a low-risk profile. The absence of officer compensation reported across all available filings is a significant indicator of volunteer-driven leadership, which contributes to efficient use of funds and high transparency regarding executive pay. The organization's spending efficiency appears strong, particularly given the consistent lack of officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial picture suggests that the majority of funds are likely directed towards its mission. The consistent growth in revenue from $29,153 in 2020 to $151,850 in 2023, alongside managed expenses, points to a growing and well-managed operation. The organization's transparency is high due to its consistent filing of IRS Form 990s and the clear indication of no executive compensation, which simplifies financial scrutiny and builds trust with donors. Overall, Ridgewood Hoops Club Inc appears to be a financially sound and efficiently run nonprofit. Its consistent positive net income, healthy asset-to-liability ratio (zero liabilities), and volunteer-led executive structure are strong indicators of good financial stewardship. The growth in revenue over recent years suggests increasing community engagement and support, further solidifying its financial position and capacity to deliver on its mission.