Ryerss Farm for Aged Equines

Analysis

Ryerss Farm for Aged Equines is a registered charity in United States, based in Pottstown, PA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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, Ryerss Farm for Aged Equines reported income of $871k and spending of $1.5m, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $809k to $871k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ryerss Farm for Aged Equines sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include Charlotte Touchdown Club ($871k), Community Uplift Program ($871k) and Michigan Youth Wrestling Association ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $59k (3.8% of expenses). Other salaries and wages came to $347k. At year end it held assets of $10.6m against liabilities of $123k, net assets of $10.4m. It reported 13 employees.