Central Kentucky Riding for Hope Inc

Analysis

Central Kentucky Riding for Hope Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 1982, 44 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, Central Kentucky Riding for Hope Inc reported income of $791k and spending of $895k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $666k to $791k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Kentucky Riding for Hope Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Internet Education Foundation ($791k), Sundara Non-Profit Housing Corp ($791k) and Valley School of Ligonier Endowment Fund ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $94k (10% of expenses). Other salaries and wages came to $425k. At year end it held assets of $5.5m against liabilities of $0, net assets of $5.5m. It reported 24 employees.