Great Oak Equine Assisted Programs

Analysis

Great Oak Equine Assisted Programs is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in October 1996, 30 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, Great Oak Equine Assisted Programs reported income of $331k and spending of $407k, spending 123% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $550k to $331k (-40%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Great Oak Equine Assisted Programs sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Family Service Corporation ($331k), Caring and Sharing Inc ($331k) and U-Two Mentorship Program Inc ($331k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 68% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $54k (13% of expenses). Other salaries and wages came to $124k. At year end it held assets of $1.3m against liabilities of $190k, net assets of $1.1m. It reported 5 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.