Small Miracles Therapeutic Equestrian Center Inc

Analysis

Small Miracles Therapeutic Equestrian Center Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Small Miracles Therapeutic Equestrian Center Inc reported income of $241k and spending of $270k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $249k to $241k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Small Miracles Therapeutic Equestrian Center Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within TN. Charities of a similar size with the same main cause include Franklin Lakes Volunteer Ambulance Corps Inc ($241k), Rockbridge Community Health Foundation ($241k) and Methodist Medical Center Foundation ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $50k (18% of expenses). Other salaries and wages came to $85k. At year end it held assets of $856k against liabilities of $0, net assets of $856k. It reported 10 employees.