Inspire Equine Therapy Program

Analysis

Inspire Equine Therapy Program is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Inspire Equine Therapy Program reported income of $241k and spending of $412k, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $241k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Inspire Equine Therapy Program sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include North Fork United Soccer Club ($241k), Best Day Foundation ($241k) and Friends of the Mentor Program ($241k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $52k (13% of expenses). Other salaries and wages came to $113k. At year end it held assets of $234k against liabilities of $2,917, net assets of $231k. It reported 6 employees.