Hearts Therapeutic Riding Center Inc

Analysis

Hearts Therapeutic Riding Center Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in July 2015, 11 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 (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, Hearts Therapeutic Riding Center Inc reported income of $203k and spending of $157k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $108k to $203k (+88%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hearts Therapeutic Riding Center Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Toro Youth Athletics Inc ($203k), Santa Clarita Track Club Inc ($203k) and High Voltage Volleyball ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $83k (53% of expenses). At year end it held assets of $145k against liabilities of $12k, net assets of $133k.