Center for the Therapeutic and Educational Riding Inc

Analysis

Center for the Therapeutic and Educational Riding Inc is a registered charity in United States, based in Townsend, DE. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Center for the Therapeutic and Educational Riding Inc reported income of $285k and spending of $207k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $89k to $285k (+221%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 82%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for the Therapeutic and Educational Riding Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within DE. Charities of a similar size with the same main cause include Triumphant Hands a NJ Nonprofit Corporation ($285k), More Than a Thrift Store ($286k) and Homeworks Ministries Inc ($285k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 17% and program service revenue 73% of the total. Other salaries and wages came to $24k. At year end it held assets of $738k against liabilities of $239k, net assets of $499k. It reported 3 employees.