Maryland Therapeutic Riding Inc

Analysis

Maryland Therapeutic Riding Inc is a registered charity in United States, based in Crownsville, MD. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Maryland Therapeutic Riding Inc reported income of $1.0m and spending of $964k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $868k to $1.0m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maryland Therapeutic Riding Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Forensic Nursing Specialties Inc ($1.0m), Side by Side Brain Injury Clubhouse Inc ($1.0m) and Ray of Hope Institute Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $95k (9.9% of expenses). Other salaries and wages came to $319k. At year end it held assets of $2.5m against liabilities of $17k, net assets of $2.5m. It reported 25 employees.