Thoroughbred Retirement Foundation

Analysis

Thoroughbred Retirement Foundation is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Thoroughbred Retirement Foundation reported income of $3.0m and spending of $2.4m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Thoroughbred Retirement Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Society for the Prevention of Cruelty to Animals of a a Co MD in ($3.0m), Speak Animal Hospital PC ($3.0m) and Midcoast Humane ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $788k. At year end it held assets of $11.6m against liabilities of $241k, net assets of $11.3m. It reported 16 employees.