Pegasus Therapeutic Riding Academy Inc

Analysis

Pegasus Therapeutic Riding Academy Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Pegasus Therapeutic Riding Academy Inc reported income of $588k and spending of $487k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $588k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pegasus Therapeutic Riding Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Maine Association of Realtors Foundation ($588k), Farm Labor Research Project Inc ($588k) and Twin County United Way Inc ($587k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $54k (11% of expenses). Other salaries and wages came to $142k. At year end it held assets of $399k against liabilities of $38k, net assets of $361k. It reported 22 employees.