Bit by Bit Therapeutic Riding Center Inc

Analysis

Bit by Bit Therapeutic Riding Center Inc is a registered charity in United States, based in Oologah, OK. It received its IRS tax-exemption ruling in February 2013, 13 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, Bit by Bit Therapeutic Riding Center Inc reported income of $212k and spending of $233k, spending 110% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $202k to $212k (+4.9%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bit by Bit Therapeutic Riding Center Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within OK. Charities of a similar size with the same main cause include Red Rover Ventures ($212k), Keaukaha Panaewa Community Alliance ($212k) and Victory Service Dogs Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 19% of the total. Other salaries and wages came to $102k. At year end it held assets of $664k against liabilities of $1,011, net assets of $663k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.