Riverbend Equine Therapy Services Inc

Analysis

Riverbend Equine Therapy Services Inc is a registered charity in United States, based in Swanton, OH. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Riverbend Equine Therapy Services Inc reported income of $467k and spending of $424k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $467k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Riverbend Equine Therapy Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include RPM Foundation ($467k), Defeat of Jesse James Days Committee Inc ($467k) and Hartbeat Ensemble Inc ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $134k (32% of expenses). At year end it held assets of $805k against liabilities of $589k, net assets of $216k.