Therapeutic Equestrian Center Inc

Analysis

Therapeutic Equestrian Center Inc is a registered charity in United States, based in Cold Spring, NY. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Therapeutic Equestrian Center Inc reported income of $753k and spending of $797k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $753k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Therapeutic Equestrian Center Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Northwest Parkinsons Foundation ($752k), Summit Ranch Inc ($753k) and Emmco West Inc ($752k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $138k (17% of expenses). Other salaries and wages came to $267k. At year end it held assets of $2.5m against liabilities of $5,930, net assets of $2.5m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.