Seabiscuit Therapeutic Riding Center

Analysis

Seabiscuit Therapeutic Riding Center is a registered charity in United States, based in Redwood Vly, CA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Seabiscuit Therapeutic Riding Center reported income of $330k and spending of $169k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $330k (+82%), an average of +82% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Seabiscuit Therapeutic Riding Center sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Nextstep Raleigh ($330k), Assisted Living Inc ($330k) and Henry County Foundation Inc ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 17% of the total. Other salaries and wages came to $48k. At year end it held assets of $299k against liabilities of $703, net assets of $299k. It reported 1 employees.