Sonrisas Therapeutic Riding Inc

Analysis

Sonrisas Therapeutic Riding Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in April 1988, 38 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 May 2023, Sonrisas Therapeutic Riding Inc reported income of $228k and spending of $169k, leaving 26% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $310k to $228k (-26%), an average of -7.3% a year. The sharpest change came in the year to May 2021, when income rose by 119%. Over the whole period it spent 65% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Sonrisas Therapeutic Riding Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Tucson Youth Football & Spirit Federation Inc ($228k), Lamoille County Field Days Inc ($228k) and Cherry Hill National Athletic League Inc ($228k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 79% and program service revenue 0.9% of the total. Other salaries and wages came to $58k. At year end it held assets of $815k against liabilities of $7,639, net assets of $808k. It reported 4 employees.