Heartstrides Therapeutic Riding and Horsemanship of Olympia

Analysis

Heartstrides Therapeutic Riding and Horsemanship of Olympia is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Heartstrides Therapeutic Riding and Horsemanship of Olympia reported income of $284k and spending of $290k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $235k to $284k (+21%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Heartstrides Therapeutic Riding and Horsemanship of Olympia sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Stepbystep Recovery Inc ($284k), Self-Healing Research Center ($284k) and Parents and Addicts in Need ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $76k (26% of expenses). At year end it held assets of $203k against liabilities of $0, net assets of $203k.