West Coast Equine Foundation

Analysis

West Coast Equine Foundation is a registered charity in United States, based in Rncho Murieta, CA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, West Coast Equine Foundation reported income of $112k and spending of $138k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $247k to $112k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, West Coast Equine Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Carmel Community Girls Softball Incorporated ($112k), Springwood Swim Team ($112k) and Eths Football Boosters ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $24k (18% of expenses). Other salaries and wages came to $31k. At year end it held assets of $697k against liabilities of $0, net assets of $697k.