Centered Riding Inc

Analysis

Centered Riding Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in February 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Centered Riding Inc reported income of $164k and spending of $79k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $164k (+120%), an average of +120% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Centered Riding Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within CT. Charities of a similar size with the same main cause include First Tee of Troup County Georgia Inc ($164k), Mount Olive Junior Baseball Softball Assoc Inc ($164k) and Imperial Water Polo Club ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $272k against liabilities of $0, net assets of $272k.