Unbridled Thoroughbred Foundation

Analysis

Unbridled Thoroughbred Foundation is a registered charity in United States, based in Greenville, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Unbridled Thoroughbred Foundation reported income of $656k and spending of $471k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $364k to $656k (+80%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 219%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Unbridled Thoroughbred Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include St Petersburg Arts Alliance Inc ($656k), Centro Cultural de Mexico En El Condado de Orange ($656k) and Greater Connecticut Youth Orchestras Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.6m against liabilities of $456k, net assets of $1.2m.