New England Equitation Championships Inc

Analysis

New England Equitation Championships Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New England Equitation Championships Inc reported income of $475k and spending of $507k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $427k to $475k (+11%), an average of +2.7% a year. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New England Equitation Championships Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Texas Wind Athletics ($475k), S C Y H Inc ($476k) and USA Swimming Inc ($475k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 63% of the total. It paid $19k in professional fundraising fees. At year end it held assets of $286k against liabilities of $6,976, net assets of $279k.