Equine Assisted Development

Analysis

Equine Assisted Development is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in August 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equine Assisted Development reported income of $118k and spending of $136k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $118k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 220%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Equine Assisted Development sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Montana Bicycle Guild ($118k), Frank Hatch Community Youth Fund Inc ($118k) and National Wood Carvers Association ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $41k (30% of expenses). At year end it held assets of $78k against liabilities of $14k, net assets of $64k. It reported 1 employees.