Chesapeake Therapeutic Riding Inc

Analysis

Chesapeake Therapeutic Riding Inc is a registered charity in United States, based in Street, MD. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chesapeake Therapeutic Riding Inc reported income of $564k and spending of $390k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $564k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chesapeake Therapeutic Riding Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Three Oaks Christian School Corporation ($564k), National Indian Head Start Directors Association ($564k) and Square Root Academy ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $67k (17% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.2m against liabilities of $579k, net assets of $584k. It reported 7 employees.