Hoofbeats Therapeutic Riding Center Inc

Analysis

Hoofbeats Therapeutic Riding Center Inc is a registered charity in United States, based in Lexington, VA. It received its IRS tax-exemption ruling in March 1994, 32 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 (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, Hoofbeats Therapeutic Riding Center Inc reported income of $115k and spending of $126k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $185k to $115k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hoofbeats Therapeutic Riding Center Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Southeastern Neuroradiological Society Inc ($115k), Pendleton Emergency Ambulance Inc ($115k) and Breathe Life of Wny ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $41k. At year end it held assets of $99k against liabilities of $165, net assets of $99k. It reported 2 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.