Alatheia Riding Center

Analysis

Alatheia Riding Center is a registered charity in United States, based in Wenatchee, WA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Alatheia Riding Center reported income of $976k and spending of $575k, leaving 41% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $513k to $976k (+90%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alatheia Riding Center sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Baptist Health Richmond Foundation Inc ($976k), Assistance League of Montgomery County ($976k) and Parental Loving Care Inc ($976k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $95k (16% of expenses). Other salaries and wages came to $223k. At year end it held assets of $3.4m against liabilities of $536k, net assets of $2.9m. It reported 13 employees.