New Vocation Racehorse Adoption Program

Analysis

New Vocation Racehorse Adoption Program is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, New Vocation Racehorse Adoption Program reported income of $3.3m and spending of $3.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 77% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, New Vocation Racehorse Adoption Program sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Zoological Society of New Jersey Inc ($3.3m), Gulf Coast Humane Society ($3.3m) and Grayson-Jockey Club Research Foundation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $54k (1.8% of expenses). Other salaries and wages came to $531k. At year end it held assets of $8.1m against liabilities of $115k, net assets of $8.0m. It reported 40 employees.