Steady Strides Riding Center

Analysis

Steady Strides Riding Center is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in January 2018, 8 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 September 2023, Steady Strides Riding Center reported income of $309k and spending of $303k, spending 98% of its income. Across the 3 years on record, from September 2021 to September 2023, income grew from $222k to $309k (+39%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 56%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Steady Strides Riding Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within AZ. Charities of a similar size with the same main cause include Hideaway Foundation ($308k), American Friends of Beer Hatorah Inc ($309k) and Joy Company-Joyco ($308k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $23k (7.7% of expenses). Other salaries and wages came to $85k. At year end it held assets of $907k against liabilities of $735k, net assets of $173k. It reported 8 employees.