Naples Therapeutic Riding Center

Analysis

Naples Therapeutic Riding Center is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 1998, 28 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 2022, Naples Therapeutic Riding Center reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.6m to $1.8m (+14%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Naples Therapeutic Riding Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Birth Care & Family Health Services ($1.8m), Aniz Inc ($1.8m) and Children Family Intervention Respite Services and Therapy ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $52k (2.9% of expenses). Other salaries and wages came to $649k. At year end it held assets of $8.5m against liabilities of $1.1m, net assets of $7.4m. It reported 19 employees.