Volunteer State Horsemens Foundation

Analysis

Volunteer State Horsemens Foundation is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in August 1988, 38 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 December 2023, Volunteer State Horsemens Foundation reported income of $3.6m and spending of $3.1m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.6m (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Volunteer State Horsemens Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Sae Government Technologies ($3.6m), Massanutten Academy ($3.6m) and Youth Horizons Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Other salaries and wages came to $256k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.