New Beginnings Therapeutic Riding Inc

Analysis

New Beginnings Therapeutic Riding Inc is a registered charity in United States, based in Bowling Green, KY. It received its IRS tax-exemption ruling in March 1997, 29 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, New Beginnings Therapeutic Riding Inc reported income of $123k and spending of $135k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $123k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Beginnings Therapeutic Riding Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within KY. Charities of a similar size with the same main cause include Henderson Center Residential Services Inc ($123k), Rivers of Living Water Apostolic Ministries ($123k) and Ayres Housing Inc ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Other salaries and wages came to $61k. At year end it held assets of $101k against liabilities of $11k, net assets of $91k. It reported 3 employees.