High Hopes Therapeutic Riding Inc

Analysis

High Hopes Therapeutic Riding Inc is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in June 1979, 47 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, High Hopes Therapeutic Riding Inc reported income of $1.9m and spending of $2.1m, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.9m (+29%), an average of +9.0% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, High Hopes Therapeutic Riding Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Together We Are Greater Than ($1.9m), Arc of Jackson County ($1.9m) and Yonkers Community Action Program Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $98k (4.6% of expenses). Other salaries and wages came to $939k. At year end it held assets of $8.4m against liabilities of $135k, net assets of $8.3m. It reported 33 employees.