Equine Rescue of Aiken

Analysis

Equine Rescue of Aiken is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Equine Rescue of Aiken reported income of $716k and spending of $726k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $716k (-74%), an average of -29% a year. The sharpest change came in the year to December 2020, when income dropped by 74%. Over the whole period it spent 77% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Equine Rescue of Aiken 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 75th percentile, and in the 79th percentile within SC. Charities of a similar size with the same main cause include Valley Humane Society Inc ($716k), Upper Peninsula Animal Welfare Shelter Inc ($716k) and Camp Cocker Rescue Inc ($716k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $78k (11% of expenses). Other salaries and wages came to $40k. At year end it held assets of $1.6m against liabilities of $346k, net assets of $1.3m. It reported 2 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.