Pegasus Therapeutic Riding Inc

Analysis

Pegasus Therapeutic Riding Inc is a registered charity in United States, based in Brewster, NY. It received its IRS tax-exemption ruling in April 1999, 27 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 August 2023, Pegasus Therapeutic Riding Inc reported income of $1.3m and spending of $1.4m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.2m to $1.3m (+12%), an average of +3.0% a year. The sharpest change came in the year to August 2021, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pegasus Therapeutic Riding Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Public Lands Alliance ($1.3m), Global Dental Relief ($1.3m) and Essex County Parks Foundation a New Jersey Non-Profit Corporation ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Other salaries and wages came to $706k. At year end it held assets of $5.1m against liabilities of $11k, net assets of $5.1m. It reported 29 employees.