Mitchell Farm Equine Retirement Inc

Analysis

Mitchell Farm Equine Retirement Inc is a registered charity in United States, based in Salem, CT. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Mitchell Farm Equine Retirement Inc reported income of $306k and spending of $329k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $306k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Mitchell Farm Equine Retirement Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Philly Goat Project Inc ($306k), Friends of the Animal Shelter ($306k) and Brookline Labrador Retriever Rescue Inc ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $91k. At year end it held assets of $41k against liabilities of $37k, net assets of $4,373. It reported 5 employees.