Coastal Therapeutic Riding Program

Analysis

Coastal Therapeutic Riding Program is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in December 1999, 27 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 2023, Coastal Therapeutic Riding Program reported income of $259k and spending of $183k, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $135k to $259k (+91%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastal Therapeutic Riding Program sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include The Montague County Carpenters Shop Inc ($259k), Kulea Childcare Villages Inc ($259k) and Friendship Circle Las Vegas ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 22% of the total. At year end it held assets of $130k against liabilities of $0, net assets of $130k.