Rainbow Therapeutic Riding Center

Analysis

Rainbow Therapeutic Riding Center is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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, Rainbow Therapeutic Riding Center reported income of $594k and spending of $595k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $462k to $594k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rainbow Therapeutic Riding Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Wisdom & Money ($594k), Fairbanks Library Foundation ($594k) and Association for Wholesaling Diversity ($594k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $236k. At year end it held assets of $1.4m against liabilities of $14k, net assets of $1.4m. It reported 14 employees.