Triple R Ranch Inc

Analysis

Triple R Ranch Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in June 1990, 36 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 December 2023, Triple R Ranch Inc reported income of $2.0m and spending of $2.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Triple R Ranch Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Sarasota County Agricultural Fair Association Incorporated ($2.0m), Vandal Boosters Inc ($2.0m) and Mudsock Youth Athletics ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $81k (4.0% of expenses). Other salaries and wages came to $898k. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.0m. It reported 147 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.