Therapeutic Riding Center Foundation

Analysis

Therapeutic Riding Center Foundation is a registered charity in United States, based in Chagrin Falls, OH. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Therapeutic Riding Center Foundation reported income of $762k and spending of $862k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $762k (-57%), an average of -19% a year. The sharpest change came in the year to December 2023, when income rose by 223%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Therapeutic Riding Center Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include The Greater Oxford Community Foundation ($762k), United Way of the Crossroads Inc ($762k) and Zaccho S F ($762k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.9% of the total. At year end it held assets of $19.9m against liabilities of $0, net assets of $19.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.