Backbay Therapeutic Riding Club Inc

Analysis

Backbay Therapeutic Riding Club Inc is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover mental health and crisis intervention, 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, Backbay Therapeutic Riding Club Inc reported income of $193k and spending of $202k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $263k to $193k (-26%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Backbay Therapeutic Riding Club Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Kids Gala a David C McKnight Foundation ($193k), North Oaks Foundation ($193k) and Edisto Indian Free Clinic ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $339k against liabilities of $28k, net assets of $311k.