Commonwealth Equestrian Sports Inc

Analysis

Commonwealth Equestrian Sports Inc is a registered charity in United States, based in Linden, VA. It received its IRS tax-exemption ruling in November 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Commonwealth Equestrian Sports Inc reported income of $111k and spending of $118k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $111k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Commonwealth Equestrian Sports Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Center Grove Trojans Gridironassociation Inc ($111k), Hononegah Youth Soccer Association Inc ($111k) and Marlboro Youth Soccer Association ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 90% of the total. At year end it held assets of $136k against liabilities of $0, net assets of $136k.