Virginia Horse Center Foundation

Analysis

Virginia Horse Center Foundation is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2024, Virginia Horse Center Foundation reported income of $7.4m and spending of $6.6m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.6m to $7.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Virginia Horse Center Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VA. Charities of a similar size with the same main cause include Southwestern Diabetic Foundation Inc ($7.3m), Usga Foundation ($7.4m) and Cleveland County Family YMCA Inc ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 36% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $156k (2.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $22.5m against liabilities of $10.5m, net assets of $12.0m. It reported 54 employees.