Valley Riding Inc

Analysis

Valley Riding Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Valley Riding Inc reported income of $623k and spending of $655k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $691k to $623k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Valley Riding Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Neighbors for Kids ($623k), Christ Centered Recovery Program Inc ($623k) and Ballad Health Auxiliary ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $67k (10% of expenses). Other salaries and wages came to $229k. At year end it held assets of $390k against liabilities of $67k, net assets of $323k. It reported 45 employees.