Pegasus Farm

Analysis

Pegasus Farm is a registered charity in United States, based in Hartville, OH. It received its IRS tax-exemption ruling in January 1986, 40 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Pegasus Farm reported income of $1.9m and spending of $1.6m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.9m (+56%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Pegasus Farm 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 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Inland Youth Soccer Education Program ($1.9m), Kinetic Kids Inc ($1.9m) and Bismarck Hockey Boosters Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $56k (3.5% of expenses). Other salaries and wages came to $890k. At year end it held assets of $3.3m against liabilities of $408k, net assets of $2.9m. It reported 99 employees.