Kent Association for Riding Therapy Inc

Analysis

Kent Association for Riding Therapy Inc is a registered charity in United States, based in Worton, MD. It received its IRS tax-exemption ruling in October 1984, 42 years ago. 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, Kent Association for Riding Therapy Inc reported income of $85k and spending of $94k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $85k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kent Association for Riding Therapy Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include The Preservation of Williamsport Foundation Inc ($85k), Community Link Incorporated ($85k) and Friends of West Springfield Senior Center Inc ($85k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 9.7% of the total. Other salaries and wages came to $15k. At year end it held assets of $241k against liabilities of $1,542, net assets of $240k. It reported 3 employees.