Saratoga Warhorse Foundation Inc

Analysis

Saratoga Warhorse Foundation Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Saratoga Warhorse Foundation Inc reported income of $440k and spending of $550k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $697k to $440k (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saratoga Warhorse Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Middlefield Childrens Center Inc ($440k), Warren County United Way Inc ($440k) and Redmond Council for Senior Citizens Inc ($440k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $155k (28% of expenses). Other salaries and wages came to $68k. At year end it held assets of $901k against liabilities of $20k, net assets of $880k. It reported 4 employees.