Therapeutic Riding Institute Inc

Analysis

Therapeutic Riding Institute Inc is a registered charity in United States, based in Spring Valley, OH. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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, Therapeutic Riding Institute Inc reported income of $669k and spending of $558k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $669k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Therapeutic Riding Institute Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Razorback Aquatic Club Inc ($669k), Chromosome 18 Registry and Research Society ($670k) and Better Lives Rhode Island ($669k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 16% of the total. Other salaries and wages came to $274k. At year end it held assets of $1.6m against liabilities of $469k, net assets of $1.1m. It reported 12 employees.