Therapeutic Riding Inc

Analysis

Therapeutic Riding Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 Inc reported income of $498k and spending of $507k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $410k to $498k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Therapeutic Riding Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Disabilities Network of Eastern Connecticut ($498k), Stepping Stones Inc ($498k) and Seamens Center of Wilmington Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $82k (16% of expenses). Other salaries and wages came to $187k. At year end it held assets of $2.7m against liabilities of $21k, net assets of $2.7m. It reported 16 employees.