Ridge Oak Inc
Ridge Oak Inc: Stable Finances, High Program Spending, but Limited Transparency
EIN: 222185024 · Basking Ridge, NJ · NTEE: L210 · Updated: 2026-04-04
Is Ridge Oak Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ridge Oak Inc directs 76% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ridge Oak Inc
Ridge Oak Inc (EIN: 222185024) is a nonprofit organization based in Basking Ridge, NJ, classified under NTEE code L210. The organization reported total revenue of $16.2M and total assets of $39.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridge Oak Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ridge Oak Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 14%
- programs: 76%
- fundraising: 10%
According to IRS 990 filings, Ridge Oak Inc allocates its expenses as follows: admin: 14%, programs: 76%, fundraising: 10%. With 76% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation details are not disclosed in the provided data, preventing a comprehensive assessment of its reasonableness relative to the organization's revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ridge Oak Inc's IRS 990 filings:
- Lack of detailed breakdown for program expenses in public filings.
- Absence of specific executive compensation figures in the provided data.
- Limited public access to detailed financial reports beyond basic IRS filings.
Strengths
The following positive indicators were identified for Ridge Oak Inc:
- Consistent revenue growth over the past five years, from $6,434,290 in 2020 to $7,782,366 in 2024.
- Strong asset growth, increasing from $25,711,594 in 2020 to $35,754,080 in 2024.
- Low liability-to-asset ratio, indicating strong financial health and stability.
- High percentage of expenses allocated to programs (76%), suggesting a focus on mission delivery.
Frequently Asked Questions about Ridge Oak Inc
Is Ridge Oak Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ridge Oak Inc (EIN: 222185024) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Ridge Oak Inc spend its money?
Ridge Oak Inc directs 76% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ridge Oak Inc tax-deductible?
Ridge Oak Inc is registered as a tax-exempt nonprofit (EIN: 222185024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Ridge Oak Inc do?
Ridge Oak Inc is a nonprofit organization in the Housing & Shelter sector, located in Basking Ridge, New Jersey. It is classified under NTEE code L210.
How much revenue does Ridge Oak Inc have?
Ridge Oak Inc reported total revenue of $16,181,638. Based on 14 IRS 990 filings on record.
What are Ridge Oak Inc's total assets?
Ridge Oak Inc holds total assets of $39,146,225 as reported in IRS 990 filings.
Where is Ridge Oak Inc located?
Ridge Oak Inc is based in Basking Ridge, New Jersey.
What is Ridge Oak Inc's EIN?
Ridge Oak Inc's Employer Identification Number (EIN) is 222185024. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ridge Oak Inc?
Ridge Oak Inc is classified under NTEE code L210 (Housing & Shelter).
Is Ridge Oak Inc a registered 501(c)(3)?
Yes, Ridge Oak Inc is recognized as a tax-exempt organization by the IRS. EIN: 222185024.
Does Ridge Oak Inc file IRS Form 990?
Yes, Ridge Oak Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Ridge Oak Inc's revenue in 2024?
In the 202406 filing period, Ridge Oak Inc reported total revenue of $7,782,366, total expenses of $5,910,038, and net assets of $35,754,080.
Is Ridge Oak Inc's revenue growing or declining?
Ridge Oak Inc's revenue is relatively stable. Revenue went from $7,721,748 (202306) to $7,782,366 (202406), a +0.8% change. Based on 14 filings on record.
What is Ridge Oak Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ridge Oak Inc covers tax period 202406. It shows revenue of $7,782,366, expenses of $5,910,038, total assets of $35,754,080, and liabilities of $303,059.
How much does Ridge Oak Inc spend on programs vs administration?
Based on IRS 990 analysis, Ridge Oak Inc allocates approximately 76% of expenses to program services, 14% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Ridge Oak Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ridge Oak Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 4 strengths noted.
What are the red flags for Ridge Oak Inc?
The following concerns were identified: Lack of detailed breakdown for program expenses in public filings.. Absence of specific executive compensation figures in the provided data.. Limited public access to detailed financial reports beyond basic IRS filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ridge Oak Inc's strengths?
Positive indicators for Ridge Oak Inc include: Consistent revenue growth over the past five years, from $6,434,290 in 2020 to $7,782,366 in 2024.. Strong asset growth, increasing from $25,711,594 in 2020 to $35,754,080 in 2024.. Low liability-to-asset ratio, indicating strong financial health and stability.. High percentage of expenses allocated to programs (76%), suggesting a focus on mission delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Ridge Oak Inc compensate executives?
Executive compensation details are not disclosed in the provided data, preventing a comprehensive assessment of its reasonableness relative to the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Ridge Oak Inc manage to maintain such a low liability-to-asset ratio consistently, and what are the implications for its long-term financial resilience?
Ridge Oak Inc consistently maintains a low liability-to-asset ratio, with liabilities at $303,059 against assets of $35,754,080 in 2024. This indicates strong financial health and a minimal reliance on debt, suggesting robust long-term resilience and capacity for sustained operations without significant financial strain.
Given the consistent revenue and asset growth, what specific strategies does Ridge Oak Inc employ to achieve this financial stability, and how are these reflected in their operational model?
The consistent revenue growth from $6,434,290 in 2020 to $7,782,366 in 2024, coupled with asset growth, suggests effective financial management and potentially strong donor relations or service demand. The operational model likely prioritizes efficient resource allocation, as evidenced by the high program spending, contributing to this stability.
Filing History
IRS 990 filing history for Ridge Oak Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ridge Oak Inc's revenue has grown by 97.4%, moving from $3.9M to $7.8M. Total assets increased by 121.8% over the same period, from $16.1M to $35.8M. Total functional expenses rose by 94%, from $3.0M to $5.9M. In its most recent filing year (2024), Ridge Oak Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $303K in liabilities against $35.8M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $35.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $7.8M | $5.9M | $35.8M | $303K | — | View 990 |
| 2023 | $7.7M | $5.1M | $32.6M | $322K | — | View 990 |
| 2022 | $7.5M | $4.7M | $29.6M | $279K | — | View 990 |
| 2021 | $6.6M | $4.4M | $29.7M | $265K | — | View 990 |
| 2020 | $6.4M | $4.2M | $25.7M | $257K | — | View 990 |
| 2019 | $6.2M | $4.2M | $24.4M | $1.1M | — | View 990 |
| 2018 | $5.6M | $4.2M | $21.1M | $390K | — | View 990 |
| 2017 | $4.4M | $3.9M | $19.5M | $291K | — | View 990 |
| 2016 | $4.1M | $3.8M | $18.9M | $347K | — | View 990 |
| 2015 | $4.2M | $3.6M | $18.6M | $501K | — | View 990 |
| 2014 | $4.0M | $3.6M | $18.4M | $380K | — | View 990 |
| 2013 | $4.2M | $3.4M | $17.7M | $301K | — | View 990 |
| 2012 | $4.1M | $3.3M | $16.9M | $270K | — | View 990 |
| 2011 | $3.9M | $3.0M | $16.1M | $268K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $7.8M, expenses of $5.9M, and assets of $35.8M (revenue +0.8% year-over-year).
- 2023: Revenue of $7.7M, expenses of $5.1M, and assets of $32.6M (revenue +3.1% year-over-year).
- 2022: Revenue of $7.5M, expenses of $4.7M, and assets of $29.6M (revenue +12.6% year-over-year).
- 2021: Revenue of $6.6M, expenses of $4.4M, and assets of $29.7M (revenue +3.3% year-over-year).
- 2020: Revenue of $6.4M, expenses of $4.2M, and assets of $25.7M (revenue +3.5% year-over-year).
- 2019: Revenue of $6.2M, expenses of $4.2M, and assets of $24.4M (revenue +11.2% year-over-year).
- 2018: Revenue of $5.6M, expenses of $4.2M, and assets of $21.1M (revenue +26.2% year-over-year).
- 2017: Revenue of $4.4M, expenses of $3.9M, and assets of $19.5M (revenue +9.0% year-over-year).
- 2016: Revenue of $4.1M, expenses of $3.8M, and assets of $18.9M (revenue -2.3% year-over-year).
- 2015: Revenue of $4.2M, expenses of $3.6M, and assets of $18.6M (revenue +3.6% year-over-year).
- 2014: Revenue of $4.0M, expenses of $3.6M, and assets of $18.4M (revenue -5.1% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.4M, and assets of $17.7M (revenue +4.1% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.3M, and assets of $16.9M (revenue +3.2% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.0M, and assets of $16.1M.
Data Sources and Methodology
This transparency report for Ridge Oak Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.