Promise Ranch Therapeutic Riding

Analysis

Promise Ranch Therapeutic Riding is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in January 2010, 16 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, Promise Ranch Therapeutic Riding reported income of $225k and spending of $601k, spending 267% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $225k (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Promise Ranch Therapeutic Riding sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Brown Girls Do Inc ($225k), Polson Senior Citizens Inc ($225k) and National Association of Housing & Redevelopment Officials ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $50k (8.3% of expenses). Other salaries and wages came to $204k. At year end it held assets of $57k against liabilities of $200k, net assets of -$143k. It reported 36 employees.