Spirit Open Equestrian Program

Analysis

Spirit Open Equestrian Program is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Spirit Open Equestrian Program reported income of $403k and spending of $308k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $403k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirit Open Equestrian Program sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within VA. Charities of a similar size with the same main cause include Aphesis House Inc ($403k), Kfar Yeladim David ($403k) and Slow Food USA Inc ($403k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $143k (46% of expenses). At year end it held assets of $849k against liabilities of $185k, net assets of $664k. It reported 1 employees.