Northern Michigan Equine Therapy

Analysis

Northern Michigan Equine Therapy is a registered charity in United States, based in Boyne City, MI. It received its IRS tax-exemption ruling in September 2014, 12 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, Northern Michigan Equine Therapy reported income of $259k and spending of $215k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $259k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northern Michigan Equine Therapy sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Miriams Hope ($259k), Senior Volunteer Services ($259k) and Porch-Durham ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $56k (26% of expenses). Other salaries and wages came to $16k. At year end it held assets of $268k against liabilities of $9,173, net assets of $259k.