Soar Arena Therapeutic Riding

Analysis

Soar Arena Therapeutic Riding is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in March 2016, 10 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 (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, Soar Arena Therapeutic Riding reported income of $282k and spending of $302k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $282k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Soar Arena Therapeutic Riding sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Pennsylvania Tourette Syndrome Alliance Inc ($282k), Champions Community Health Clinic Inc ($282k) and Sacramento Street Medicine ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $204k. It paid $7,408 in professional fundraising fees. At year end it held assets of -$20k against liabilities of $0, net assets of -$20k.