Arizona Reining Equestrian Team

Analysis

Arizona Reining Equestrian Team is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Arizona Reining Equestrian Team reported income of $104k and spending of $113k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $104k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Arizona Reining Equestrian Team sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within AZ. Charities of a similar size with the same main cause include Little League Baseball Inc ($104k), Mooresville Football League ($104k) and Mexico Trail Riders Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.