Venango Area Riding for the Handicapped Association Inc

Analysis

Venango Area Riding for the Handicapped Association Inc is a registered charity in United States, based in Franklin, PA. It received its IRS tax-exemption ruling in October 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, Venango Area Riding for the Handicapped Association Inc reported income of $142k and spending of $166k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $188k to $142k (-25%), an average of -6.9% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venango Area Riding for the Handicapped Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Merc Playhouse Society ($142k), Shiningcare Inc ($142k) and Terrence F Carraway Foundation ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 4.1% of the total. Other salaries and wages came to $69k. At year end it held assets of $349k against liabilities of $0, net assets of $349k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.