Corral Riding Academy

Analysis

Corral Riding Academy is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in September 2009, 17 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 June 2023, Corral Riding Academy reported income of $1.2m and spending of $1.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $831k to $1.2m (+49%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Corral Riding Academy sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Association for Jewish Studies Inc ($1.2m), Internet Keep Safe Coalition ($1.2m) and Pennsylvania Association for the Education of Young Children ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (6.5% of expenses). Other salaries and wages came to $791k. At year end it held assets of $2.8m against liabilities of $1.5m, net assets of $1.3m. It reported 24 employees.