Gleneayre Equestrian Program Inc

Analysis

Gleneayre Equestrian Program Inc is a registered charity in United States, based in Lumberton, NJ. It received its IRS tax-exemption ruling in December 1988, 38 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, Gleneayre Equestrian Program Inc reported income of $1.7m and spending of $1.3m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.7m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gleneayre Equestrian Program Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Harvest of Hope Pantry ($1.7m), G3 Ministries for the Church Inc ($1.7m) and Transoptions Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $247k. At year end it held assets of $1.9m against liabilities of $12k, net assets of $1.9m. It reported 4 employees.