Interscholastic Equestrian Association Inc

Analysis

Interscholastic Equestrian Association Inc is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in July 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Interscholastic Equestrian Association Inc reported income of $3.4m and spending of $3.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Interscholastic Equestrian Association Inc 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 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Head Over Heels Gymnastics Inc ($3.4m), Virgina Soccer Alliance Inc ($3.4m) and United States Curling Association ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $882k. At year end it held assets of $2.1m against liabilities of $129k, net assets of $2.0m. It reported 19 employees.