Strongwater Farm Therapeutic Equestrian Center Inc

Analysis

Strongwater Farm Therapeutic Equestrian Center Inc is a registered charity in United States, based in Tewksbury, MA. It received its IRS tax-exemption ruling in September 2000, 26 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 (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, Strongwater Farm Therapeutic Equestrian Center Inc reported income of $1.1m and spending of $856k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $782k to $1.1m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Strongwater Farm Therapeutic Equestrian Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Mile Bluff Medical Center Foundation Inc ($1.1m), Mary Bridge Hospital & Orthopedic Foundation ($1.1m) and Nuci Phillips Memorial Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $73k (8.5% of expenses). Other salaries and wages came to $345k. It paid $8,070 in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.3m. It reported 22 employees.