Reining Horse Sports Foundation Inc

Analysis

Reining Horse Sports Foundation Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Reining Horse Sports Foundation Inc reported income of $650k and spending of $261k, leaving 60% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $211k to $650k (+209%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 432%. Over the whole period it spent 49% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Reining Horse Sports Foundation Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OK. Charities of a similar size with the same main cause include Santa Barbara Mountain Bike Trail Volunteers Inc ($650k), Spring Creek Recreational Fund ($650k) and South County Junior Volleyball Club Inc ($650k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. It paid $1,998 in professional fundraising fees. At year end it held assets of $2.4m against liabilities of $77k, net assets of $2.3m.