Pal-O-Mine Equestrian Inc

Analysis

Pal-O-Mine Equestrian Inc is a registered charity in United States, based in Islandia, NY. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Pal-O-Mine Equestrian Inc reported income of $2.4m and spending of $1.6m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pal-O-Mine Equestrian 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 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Christian Help Foundation Inc ($2.4m), Hillsdale County Senior Services Center Inc ($2.4m) and Bold Futures NM ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $63k (4.0% of expenses). Other salaries and wages came to $302k. At year end it held assets of $4.7m against liabilities of $2.3m, net assets of $2.4m. It reported 18 employees.