The Montpelier Steeplechase and Equestrian Foundation

Analysis

The Montpelier Steeplechase and Equestrian Foundation is a registered charity in United States, based in Mntpelier Sta, VA. It received its IRS tax-exemption ruling in November 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Montpelier Steeplechase and Equestrian Foundation reported income of $821k and spending of $821k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $591k to $821k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 1054%. 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, The Montpelier Steeplechase and Equestrian Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Waccamaw Youth Center Inc ($821k), Overflow Health Alliance Inc ($821k) and The North Texas Crime Commission Inc ($821k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. At year end it held assets of $1.2m against liabilities of $28k, net assets of $1.2m.