One Step Closer Therapeutic Riding

Analysis

One Step Closer Therapeutic Riding is a registered charity in United States, based in Morgan Hill, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, One Step Closer Therapeutic Riding reported income of $217k and spending of $238k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $217k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, One Step Closer Therapeutic Riding sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Ferrari Kid ($217k), Ryan Hill Research Foundation ($217k) and Hope Crisis Pregnancy Center ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $65k (27% of expenses). At year end it held assets of $217k against liabilities of $81k, net assets of $137k. It reported 1 employees.