Standardbred Retirement Foundation Inc

Analysis

Standardbred Retirement Foundation Inc is a registered charity in United States, based in Perrineville, NJ. It received its IRS tax-exemption ruling in February 1991, 35 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Standardbred Retirement Foundation Inc reported income of $2.4m and spending of $2.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 98% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Standardbred Retirement Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Rose Andom Center ($2.4m), Center for Women in Transition ($2.4m) and James B Moran Center for Youth Advocacy ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $187k. At year end it held assets of $913k against liabilities of $150k, net assets of $763k. It reported 9 employees.

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.