Ridgewood Hoops Club Inc

Ridgewood Hoops Club Inc shows consistent financial growth and stability with no executive compensation.

EIN: 20579707 · Ramsey, NJ · NTEE: N62 · Updated: 2026-03-28

$173KRevenue

$137KAssets

92/100Mission Score (Excellent)

N62

About Ridgewood Hoops Club Inc

Ridgewood Hoops Club Inc (EIN: 20579707) is a nonprofit organization based in Ramsey, NJ, classified under NTEE code N62. The organization reported total revenue of $173K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridgewood Hoops Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ridgewood Hoops Club Inc with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Ridgewood Hoops Club Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization, which is highly efficient and transparent regarding leadership costs.

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.

Strengths

The following positive indicators were identified for Ridgewood Hoops Club Inc:

Consistent positive net income in recent years (e.g., $151,850 revenue vs. $139,056 expenses in 2023).
Zero reported liabilities across all filings, indicating strong financial health and low risk.
0% officer compensation, suggesting a volunteer-driven model and efficient use of funds.
Significant revenue growth from $29,153 in 2020 to $151,850 in 2023, demonstrating increasing support.
Healthy asset base of $162,100 in 2023, providing financial resilience.

Frequently Asked Questions about Ridgewood Hoops Club Inc

Is Ridgewood Hoops Club Inc a good charity?

Based on the available financial data, Ridgewood Hoops Club Inc appears to be a good charity. It consistently operates with a surplus, has no liabilities, and reports 0% officer compensation, indicating efficient use of funds and strong financial health.

How has the organization's revenue trended over time?

The organization's revenue has shown significant growth in recent years, increasing from $29,153 in 2020 to $151,850 in 2023, indicating increasing support and activity.

What is the organization's financial stability?

Ridgewood Hoops Club Inc demonstrates strong financial stability with $162,100 in assets and $0 in liabilities in 2023, maintaining a healthy asset base without debt.

Filing History

IRS 990 filing history for Ridgewood Hoops Club Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ridgewood Hoops Club Inc's revenue has grown by 159%, moving from $59K to $152K. Total assets increased by 31.9% over the same period, from $123K to $162K. Total functional expenses rose by 249.5%, from $40K to $139K. In its most recent filing year (2023), Ridgewood Hoops Club Inc reported a surplus of $13K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$152K	$139K	$162K	$0	—	View 990
2022	$113K	$102K	$148K	$0	—	View 990
2021	$96K	$57K	$157K	$0	—	View 990
2020	$29K	$73K	$101K	$0	—	View 990
2019	$67K	$81K	$138K	$0	—	View 990
2018	$103K	$82K	$142K	$0	—	View 990
2017	$17K	$83K	$129K	$0	—	View 990
2016	$109K	$62K	$199K	$0	—	View 990
2015	$19K	$57K	$164K	$0	—	View 990
2014	$116K	$36K	$215K	$0	—	View 990
2013	$36K	$67K	$142K	$0	—	View 990
2012	$105K	$56K	$178K	$0	—	View 990
2011	$59K	$40K	$123K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $152K, expenses of $139K, and assets of $162K (revenue +34.0% year-over-year).
2022: Revenue of $113K, expenses of $102K, and assets of $148K (revenue +17.5% year-over-year).
2021: Revenue of $96K, expenses of $57K, and assets of $157K (revenue +230.6% year-over-year).
2020: Revenue of $29K, expenses of $73K, and assets of $101K (revenue -56.5% year-over-year).
2019: Revenue of $67K, expenses of $81K, and assets of $138K (revenue -34.9% year-over-year).
2018: Revenue of $103K, expenses of $82K, and assets of $142K (revenue +513.3% year-over-year).
2017: Revenue of $17K, expenses of $83K, and assets of $129K (revenue -84.5% year-over-year).
2016: Revenue of $109K, expenses of $62K, and assets of $199K (revenue +475.9% year-over-year).
2015: Revenue of $19K, expenses of $57K, and assets of $164K (revenue -83.8% year-over-year).
2014: Revenue of $116K, expenses of $36K, and assets of $215K (revenue +224.5% year-over-year).
2013: Revenue of $36K, expenses of $67K, and assets of $142K (revenue -66.0% year-over-year).
2012: Revenue of $105K, expenses of $56K, and assets of $178K (revenue +79.4% year-over-year).
2011: Revenue of $59K, expenses of $40K, and assets of $123K.

Data Sources and Methodology

This transparency report for Ridgewood Hoops Club 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.