Bowman Second Chance Thoroughbred Adoption

Analysis

Bowman Second Chance Thoroughbred Adoption is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Bowman Second Chance Thoroughbred Adoption reported income of $195k and spending of $104k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $195k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 66% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Bowman Second Chance Thoroughbred Adoption sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Thoroughbred Placement Resources Inc ($195k), Sea Star Horse Sanctuary ($195k) and Grateful Dog Animal Rescue Inc ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $160k against liabilities of $2,238, net assets of $157k.