Equestrian Events Inc

Analysis

Equestrian Events Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 1976, 50 years ago. 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 September 2023, Equestrian Events Inc reported income of $7.6m and spending of $7.1m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $7.6m (+32%), an average of +7.3% a year. The sharpest change came in the year to September 2021, when income rose by 436%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Equestrian Events Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within KY. Charities of a similar size with the same main cause include Kent County Habitat for Humanity ($7.6m), Council on Aging of Volusia County Inc ($7.6m) and Venture ($7.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $101k (1.4% of expenses). Other salaries and wages came to $601k. At year end it held assets of $2.1m against liabilities of $945k, net assets of $1.1m. It reported 13 employees.