The Therapeutic Equestrian Center Inc

Analysis

The Therapeutic Equestrian Center Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in August 1986, 40 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Therapeutic Equestrian Center Inc reported income of $102k and spending of $116k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $102k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Therapeutic Equestrian Center Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Pengilly Booster Club ($102k), Cowtown Field Hockey Club Inc ($102k) and Triangle Foundation Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 67% of the total. At year end it held assets of $200k against liabilities of $3,310, net assets of $197k.