American Saddlebred Legacy Foundation Inc

Analysis

American Saddlebred Legacy Foundation Inc is a registered charity in United States, based in Eminence, KY. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 2022, American Saddlebred Legacy Foundation Inc reported income of $234k and spending of $275k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $174k to $234k (+35%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 125% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, American Saddlebred Legacy 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 57th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include Converse County Animal Shelter ($234k), Horsen Around Rescue Ranch and Foundation Inc ($235k) and Mew Cat Rescue ($234k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. At year end it held assets of $137k against liabilities of $315k, net assets of -$178k.

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.