Flying Horse Farms

Analysis

Flying Horse Farms is a registered charity in United States, based in Mount Gilead, OH. It received its IRS tax-exemption ruling in October 2014, 12 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 (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, Flying Horse Farms reported income of $4.1m and spending of $4.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $4.1m (-1.4%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Flying Horse Farms sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Rev Soccer Club ($4.1m), Seattle Parks Foundation ($4.1m) and Adult Ice Hockey Federation Ltd ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $461k (12% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $20.0m against liabilities of $125k, net assets of $19.9m. It reported 82 employees.