Lovelane Special Needs Horseback Riding Program Inc

Analysis

Lovelane Special Needs Horseback Riding Program Inc is a registered charity in United States, based in Lincoln, MA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 June 2023, Lovelane Special Needs Horseback Riding Program Inc reported income of $2.0m and spending of $1.5m, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.0m (+35%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lovelane Special Needs Horseback Riding Program 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 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Endless Options Inc ($2.0m), St Marks Towers Inc ($2.0m) and Veterans Education Success Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $237k (16% of expenses). Other salaries and wages came to $528k. At year end it held assets of $10.9m against liabilities of $158k, net assets of $10.7m. It reported 33 employees.