Bravehearts Theapeutic Riding and Educational Center

Analysis

Bravehearts Theapeutic Riding and Educational Center is a registered charity in United States, based in Harvard, IL. It received its IRS tax-exemption ruling in April 2004, 22 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, Bravehearts Theapeutic Riding and Educational Center reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.6m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bravehearts Theapeutic Riding and Educational Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Friends of Georgia State Parks & Historic Sites Inc ($2.6m), New Start Youth Facility Inc ($2.6m) and Domestic Abuse Services Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $177k (6.7% of expenses). Other salaries and wages came to $780k. At year end it held assets of $5.7m against liabilities of $135k, net assets of $5.5m. It reported 42 employees.