Raemelton Therapeutic Equestrian Center Inc

Analysis

Raemelton Therapeutic Equestrian Center Inc is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in February 1995, 31 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, Raemelton Therapeutic Equestrian Center Inc reported income of $362k and spending of $311k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $404k to $362k (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Raemelton Therapeutic Equestrian Center Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Stockton Colts Junior Hockey Club ($361k), Education-Recreation Incorporated ($362k) and M3 Aquatics NFP ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 16% of the total. Other salaries and wages came to $109k. At year end it held assets of $2.0m against liabilities of $11k, net assets of $2.0m. It reported 9 employees.