Therapeutic Equestrian Center

Analysis

Therapeutic Equestrian Center is a registered charity in United States, based in Niles, MI. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Therapeutic Equestrian Center reported income of $145k and spending of $145k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $618k to $145k (-76%), an average of -52% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Therapeutic Equestrian Center sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Ladies of Charity of St Vincent Depaul Oakland County Association ($145k), Towaliga Casa Inc ($145k) and Home & School Association of the Southbury Training School Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 20% of the total. Other salaries and wages came to $30k. At year end it held assets of $724k against liabilities of $14k, net assets of $711k. It reported 12 employees.