Banbury Cross Therapeutic Equestrian Center

Analysis

Banbury Cross Therapeutic Equestrian Center is a registered charity in United States, based in Oxford, MI. It received its IRS tax-exemption ruling in June 1990, 36 years ago. 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, Banbury Cross Therapeutic Equestrian Center reported income of $261k and spending of $246k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $295k to $261k (-12%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Banbury Cross Therapeutic Equestrian Center sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Thomas C & Sandra S Sullivan Foundation ($261k), Ada Regional United Way Inc ($261k) and Lawsonville Volunteer Fire Department Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 9.6% of the total. Other salaries and wages came to $106k. At year end it held assets of $966k against liabilities of $3,480, net assets of $963k. It reported 13 employees.