Monterey Bay Horsemanship & Therapeutic Center

Analysis

Monterey Bay Horsemanship & Therapeutic Center is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Monterey Bay Horsemanship & Therapeutic Center reported income of $1.2m and spending of $1.0m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.4m to $1.2m (-51%), an average of -16% a year. The sharpest change came in the year to August 2023, when income rose by 45%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Monterey Bay Horsemanship & Therapeutic Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Adult Day and Health Care Services Inc ($1.2m), Young Men Christian Association of West San Gabriel Valley ($1.2m) and Mission Agape ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $120k (12% of expenses). Other salaries and wages came to $531k. At year end it held assets of $400k against liabilities of $25k, net assets of $375k. It reported 31 employees.