Riverwood Therapeutic Riding Center Inc

Analysis

Riverwood Therapeutic Riding Center Inc is a registered charity in United States, based in Tobaccoville, NC. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Riverwood Therapeutic Riding Center Inc reported income of $465k and spending of $545k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $465k (+1.4%), an average of +0.4% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Riverwood Therapeutic Riding Center Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Tipp City Seniors Inc ($465k), Drug Story Theater Inc ($465k) and American Friends of Meir Medical Center ($465k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $67k (12% of expenses). Other salaries and wages came to $253k. At year end it held assets of $1.0m against liabilities of $8,711, net assets of $1.0m. It reported 20 employees.