U S Cavalry Association

Analysis

U S Cavalry Association is a registered charity in United States, based in El Reno, OK. It received its IRS tax-exemption ruling in October 1976, 50 years ago. 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, U S Cavalry Association reported income of $67k and spending of $82k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $72k to $67k (-6.3%), an average of -3.2% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U S Cavalry Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within OK. Charities of a similar size with the same main cause include PTA Colorado Congress ($67k), Co-Laborers International Inc ($67k) and Highlands County Tennis Association Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 43% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.