Sarasota-Manatee Association for Riding Therapy Inc

Analysis

Sarasota-Manatee Association for Riding Therapy Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in April 1991, 35 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, Sarasota-Manatee Association for Riding Therapy Inc reported income of $316k and spending of $433k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $297k to $316k (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sarasota-Manatee Association for Riding Therapy Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include American Legion ($316k), World Community ($316k) and Prairie Christian School ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $161k. At year end it held assets of $1.2m against liabilities of $588k, net assets of $589k. It reported 6 employees.