Red Hills Horse Trials Inc

Analysis

Red Hills Horse Trials Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Red Hills Horse Trials Inc reported income of $78k and spending of $32k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $551k to $78k (-86%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 84%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Red Hills Horse Trials Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Port Neches Groves Softball League Inc ($78k), Clearwater Youth Lacrosse Inc ($78k) and Friends of Paynes Prairie Inc ($78k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 17% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.