Ridgelys Run Community Association Inc
Ridgelys Run Community Association Inc consistently spends more than it earns, drawing down substantial assets.
EIN: 204677799 · Columbia, MD · NTEE: N31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $178K |
| Total Expenses | $205K |
| Program Spending | 85% |
| Net Assets | $1.5M |
| Transparency Score | 75/100 |
Is Ridgelys Run Community Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ridgelys Run Community Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ridgelys Run Community Association Inc
Ridgelys Run Community Association Inc (EIN: 204677799) is a nonprofit organization based in Columbia, MD, classified under NTEE code N31. The organization reported total revenue of $178K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridgelys Run Community Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ridgelys Run Community Association Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $177K |
| Total Expenses | $205K |
| Surplus / Deficit | $-28,846 |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | -16.3% |
| Months of Reserves | 87.7 months |
Financial Health Grade: B
In 2023, Ridgelys Run Community Association Inc reported a deficit of $29K with expenses exceeding revenue, holds 87.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Ridgelys Run Community Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.6% | +1.4% | -1.9% |
| 2022 | +3.5% | +11.2% | -1.1% |
| 2021 | +43.5% | -0.2% | -0.2% |
| 2020 | -28.2% | +1.6% | -3.6% |
| 2019 | +12.9% | -35.0% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ridgelys Run Community Association Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ridgelys Run Community Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is not compensated through traditional officer salaries, which is highly favorable for a nonprofit of its size.
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 Ridgelys Run Community Association Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years
- Gradual decline in total assets over the past decade
Strengths
The following positive indicators were identified for Ridgelys Run Community Association Inc:
- Substantial asset base ($1,446,021 latest assets)
- Zero reported liabilities across all filings
- 0% officer compensation reported, indicating volunteer or non-traditional leadership compensation
- Consistent filing history demonstrating transparency
Frequently Asked Questions about Ridgelys Run Community Association Inc
Is Ridgelys Run Community Association Inc a legitimate charity?
Ridgelys Run Community Association Inc (EIN: 204677799) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $178K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Ridgelys Run Community Association Inc spend its money?
Ridgelys Run Community Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ridgelys Run Community Association Inc tax-deductible?
Ridgelys Run Community Association Inc is registered as a tax-exempt nonprofit (EIN: 204677799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ridgelys Run Community Association Inc's spending goes to programs?
Ridgelys Run Community Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ridgelys Run Community Association Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ridgelys Run Community Association Inc is above average for NTEE category N31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ridgelys Run Community Association Inc located?
Ridgelys Run Community Association Inc is headquartered in Columbia, Maryland and files with the IRS under EIN 204677799. It is classified under NTEE code N31.
How many years of IRS 990 filings does Ridgelys Run Community Association Inc have?
Ridgelys Run Community Association Inc has 13 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 $178K in total revenue.
Is Ridgelys Run Community Association Inc a good charity?
Ridgelys Run Community Association Inc appears to be a well-managed community organization with strong asset reserves and no reported liabilities. Its consistent 0% officer compensation is a significant positive. However, the recurring trend of expenses exceeding revenue, leading to a gradual decline in assets, warrants closer examination of its long-term financial sustainability.
Why are expenses consistently higher than revenue?
The filings show a consistent pattern where expenses exceed revenue, for example, $205,466 in expenses vs. $176,620 in revenue in 2023. This indicates the organization is operating at a deficit, likely drawing from its substantial asset base to cover operational costs.
What is the trend in the organization's assets?
The organization's assets have been steadily declining over the past decade, from $1,980,420 in 2014 to $1,500,860 in 2023, reflecting the consistent deficit spending.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all available IRS 990 filings, indicating it operates debt-free.
Filing History
IRS 990 filing history for Ridgelys Run Community Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ridgelys Run Community Association Inc's revenue has grown by 10.5%, moving from $160K to $177K. Total assets decreased by 28.6% over the same period, from $2.1M to $1.5M. Total functional expenses rose by 48.9%, from $138K to $205K. In its most recent filing year (2023), Ridgelys Run Community Association Inc reported a deficit of $29K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $177K | $205K | $1.5M | $0 | — | View 990 |
| 2022 | $185K | $203K | $1.5M | $0 | — | — |
| 2021 | $179K | $182K | $1.5M | $0 | — | View 990 |
| 2020 | $125K | $182K | $1.6M | $0 | — | — |
| 2019 | $174K | $180K | $1.6M | $0 | — | — |
| 2018 | $154K | $276K | $1.6M | $0 | — | View 990 |
| 2017 | $162K | $280K | $1.7M | $0 | — | View 990 |
| 2016 | $169K | $237K | $1.9M | $0 | — | View 990 |
| 2015 | $166K | $224K | $1.9M | $0 | — | View 990 |
| 2014 | $155K | $212K | $2.0M | $0 | — | View 990 |
| 2013 | $131K | $190K | $2.0M | $0 | — | View 990 |
| 2012 | $136K | $142K | $2.1M | $0 | — | View 990 |
| 2011 | $160K | $138K | $2.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $177K, expenses of $205K, and assets of $1.5M (revenue -4.6% year-over-year).
- 2022: Revenue of $185K, expenses of $203K, and assets of $1.5M (revenue +3.5% year-over-year).
- 2021: Revenue of $179K, expenses of $182K, and assets of $1.5M (revenue +43.5% year-over-year).
- 2020: Revenue of $125K, expenses of $182K, and assets of $1.6M (revenue -28.2% year-over-year).
- 2019: Revenue of $174K, expenses of $180K, and assets of $1.6M (revenue +12.9% year-over-year).
- 2018: Revenue of $154K, expenses of $276K, and assets of $1.6M (revenue -4.8% year-over-year).
- 2017: Revenue of $162K, expenses of $280K, and assets of $1.7M (revenue -4.1% year-over-year).
- 2016: Revenue of $169K, expenses of $237K, and assets of $1.9M (revenue +1.3% year-over-year).
- 2015: Revenue of $166K, expenses of $224K, and assets of $1.9M (revenue +7.3% year-over-year).
- 2014: Revenue of $155K, expenses of $212K, and assets of $2.0M (revenue +18.5% year-over-year).
- 2013: Revenue of $131K, expenses of $190K, and assets of $2.0M (revenue -4.0% year-over-year).
- 2012: Revenue of $136K, expenses of $142K, and assets of $2.1M (revenue -14.7% year-over-year).
- 2011: Revenue of $160K, expenses of $138K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ridgelys Run Community Association Inc:
Data Sources and Methodology
This transparency report for Ridgelys Run Community Association 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.