Omaha Equestrian Foundation

Analysis

Omaha Equestrian Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Omaha Equestrian Foundation reported income of $812k and spending of $604k, leaving 26% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $2.7m to $812k (-70%), an average of -22% a year. The sharpest change came in the year to June 2023, when income rose by 373%. 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, Omaha Equestrian Foundation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within NE. Charities of a similar size with the same main cause include Pacific West Foundation ($811k), Saline Area Soccer Association ($812k) and Simi Youth Baseball Inc ($811k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $70k (12% of expenses). Other salaries and wages came to $16k. At year end it held assets of $230k against liabilities of $523k, net assets of -$292k. It reported 5 employees.