Ridgefield Scholarship Group Inc
EIN: 61010124 · Ridgefield, CT · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $167K |
| Total Expenses | $57K |
| Net Assets | $314K |
Is Ridgefield Scholarship Group Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ridgefield Scholarship Group Inc
Ridgefield Scholarship Group Inc (EIN: 61010124) is a nonprofit organization based in Ridgefield, CT, classified under NTEE code B82. The organization reported total revenue of $167K and total assets of $333K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridgefield Scholarship Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ridgefield Scholarship Group Inc is a small nonprofit that has been operating for 46 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32K |
| Total Expenses | $57K |
| Surplus / Deficit | $-24,822 |
| Total Assets | $314K |
| Net Assets | $314K |
| Operating Margin | -76.6% |
| Months of Reserves | 65.9 months |
Financial Health Grade: B
In 2023, Ridgefield Scholarship Group Inc reported a deficit of $25K with expenses exceeding revenue, holds 65.9 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Ridgefield Scholarship Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.7% | +6.7% | +6.5% |
| 2022 | +9.1% | +3.7% | -19.6% |
| 2021 | +143.7% | +37.0% | +7.3% |
| 2020 | +9.0% | +14.9% | +1.3% |
| 2019 | -55.5% | -9.2% | -32.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ridgefield Scholarship Group Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ridgefield Scholarship Group Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
Frequently Asked Questions about Ridgefield Scholarship Group Inc
Is Ridgefield Scholarship Group Inc a legitimate charity?
Ridgefield Scholarship Group Inc (EIN: 61010124) is a registered tax-exempt nonprofit based in Connecticut. It has 7 years of IRS 990 filings on record. Total revenue: $167K. No red flags identified. Financial health grade: B.
How does Ridgefield Scholarship Group Inc spend its money?
Ridgefield Scholarship Group Inc reported $167K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ridgefield Scholarship Group Inc tax-deductible?
Ridgefield Scholarship Group Inc is registered as a tax-exempt nonprofit (EIN: 61010124). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ridgefield Scholarship Group Inc located?
Ridgefield Scholarship Group Inc is headquartered in Ridgefield, Connecticut and files with the IRS under EIN 61010124. It is classified under NTEE code B82.
How many years of IRS 990 filings does Ridgefield Scholarship Group Inc have?
Ridgefield Scholarship Group Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $167K in total revenue.
Filing History
IRS 990 filing history for Ridgefield Scholarship Group Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Ridgefield Scholarship Group Inc's revenue has grown by 4.6%, moving from $31K to $32K. Total assets decreased by 13.3% over the same period, from $363K to $314K. Total functional expenses rose by 52.9%, from $37K to $57K. In its most recent filing year (2023), Ridgefield Scholarship Group Inc reported a deficit of $25K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $57K | $314K | $0 | — | View 990 |
| 2022 | $45K | $54K | $295K | $0 | — | View 990 |
| 2021 | $41K | $52K | $367K | $0 | — | — |
| 2020 | $17K | $38K | $342K | $0 | — | View 990 |
| 2019 | $15K | $33K | $338K | $0 | — | View 990 |
| 2018 | $35K | $36K | $498K | $0 | — | View 990 |
| 2017 | $31K | $37K | $363K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32K, expenses of $57K, and assets of $314K (revenue -27.7% year-over-year).
- 2022: Revenue of $45K, expenses of $54K, and assets of $295K (revenue +9.1% year-over-year).
- 2021: Revenue of $41K, expenses of $52K, and assets of $367K (revenue +143.7% year-over-year).
- 2020: Revenue of $17K, expenses of $38K, and assets of $342K (revenue +9.0% year-over-year).
- 2019: Revenue of $15K, expenses of $33K, and assets of $338K (revenue -55.5% year-over-year).
- 2018: Revenue of $35K, expenses of $36K, and assets of $498K (revenue +12.2% year-over-year).
- 2017: Revenue of $31K, expenses of $37K, and assets of $363K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ridgefield Scholarship Group Inc:
Data Sources and Methodology
This transparency report for Ridgefield Scholarship Group 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.