Horse and Buddy Therapeutic Riding Program

Analysis

Horse and Buddy Therapeutic Riding Program is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Horse and Buddy Therapeutic Riding Program reported income of $619k and spending of $569k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $350k to $619k (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horse and Buddy Therapeutic Riding Program sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Rhode Island Developmental Disabilities Council ($619k), Hogar Crea International of New Jersey Inc ($620k) and Kansas Society for Children with Challenges ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $331k. At year end it held assets of $1.2m against liabilities of $737k, net assets of $508k. It reported 16 employees.