Ann B Ritt Charitable Foundation
- Assets
- $609.5k
- Revenue
- $17.7k
- Investments
- $550.2k
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 16-6541184
Organization Overview
Ann B Ritt Charitable Foundation is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ann B Ritt Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Ann B Ritt Charitable Foundation generated $17.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $33.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ann B Ritt Charitable Foundation has awarded 45 individual grants totaling $796,308. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,535 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,867 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $19 |
| Total Revenue | $17,687 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,845 |
| Contributions, gifts, grants paid | $23,150 |
| Total expenses and disbursements | $32,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $59,264 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,382 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $609,487 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ann B Ritt Charitable Foundation has awarded $23,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BEACON SCHOOL PARENT TEACHER ASSOCIATION PURPOSE: UNRESTRICTED | $2,000 |
PHILA THEATRE CO PURPOSE: UNRESTRCITED | $10,000 |
MUSEUM OF THE SOURTHERN JEWISH EXPERIENCE PURPOSE: UNRESTRICTED | $5,400 |
WIDE HORIZONS FOR CHILDREN PURPOSE: UNRESTRICTED | $2,000 |
FRIENDS OF THE ISRAEL DEFENSE FORCES PURPOSE: UNRESTRICTED | $2,500 |
AMERICAN JEWISH COMMITTEE PURPOSE: UNRESTRICTED | $1,250 |