Centenary Equestrian Foundation LLC

Analysis

Centenary Equestrian Foundation LLC is a registered charity in United States, based in Hackettstown, NJ. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Centenary Equestrian Foundation LLC reported income of $1.2m and spending of $3.3m, spending 269% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.2m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 243% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centenary Equestrian Foundation LLC sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Benton Hall Corporation ($1.2m), Lake Highland Preparatory School Foundation Inc ($1.2m) and Quaker Preparatory Academy ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $73.7m against liabilities of $30.0m, net assets of $43.7m.

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.