Lee-Mar Ranch Equine Center Inc

Analysis

Lee-Mar Ranch Equine Center Inc is a registered charity in United States, based in Granite Falls, MN. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Lee-Mar Ranch Equine Center Inc reported income of $252k and spending of $237k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $203k to $252k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lee-Mar Ranch Equine Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MN. Charities of a similar size with the same main cause include Del Rio CC Foundation ($252k), Park Sharon Athletic Association Inc ($252k) and Wilmington Rowing Center ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 55% of the total. Other salaries and wages came to $74k. At year end it held assets of $216k against liabilities of $24k, net assets of $192k. It reported 11 employees.