United States Equestrian Team Foundation Inc

Analysis

United States Equestrian Team Foundation Inc is a registered charity in United States, based in Gladstone, NJ. It received its IRS tax-exemption ruling in February 1994, 32 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 (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, United States Equestrian Team Foundation Inc reported income of $7.2m and spending of $7.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.7m to $7.2m (-5.6%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 80% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Equestrian Team Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Harlem Lacrosse and Leadership Corporation ($7.2m), Omaha Multi-Sport Complex ($7.2m) and USA Pickleball Association ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $627k (9.0% of expenses). Other salaries and wages came to $622k. It paid $122k in professional fundraising fees. At year end it held assets of $35.1m against liabilities of $103k, net assets of $35.0m. It reported 12 employees.