Equest Center for Therapeutic Riding Inc

Analysis

Equest Center for Therapeutic Riding Inc is a registered charity in United States, based in Rockford, MI. It received its IRS tax-exemption ruling in August 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equest Center for Therapeutic Riding Inc reported income of $1.5m and spending of $726k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $842k to $1.5m (+83%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 149%. Over the whole period it spent 47% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Equest Center for Therapeutic Riding Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Miles Perret Center Cancer Services for Acadiana ($1.5m), Prenatal and Infant Health Care Coalition of Brevard County Inc ($1.5m) and Radiation Research Society ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $91k (12% of expenses). Other salaries and wages came to $249k. At year end it held assets of $4.1m against liabilities of $27k, net assets of $4.0m. It reported 28 employees.