Thoroughbred Charities of America Inc

Analysis

Thoroughbred Charities of America Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Thoroughbred Charities of America Inc reported income of $1.6m and spending of $1.2m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Thoroughbred Charities of America Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Hawaii Wildlife Center ($1.6m), Road Dogs & Rescue ($1.6m) and Heritage Humane Society ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $109k (9.1% of expenses). Other salaries and wages came to $54k. At year end it held assets of $2.0m against liabilities of $86k, net assets of $1.9m. It reported 2 employees.