New Day Equines Therapy

Analysis

New Day Equines Therapy is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, New Day Equines Therapy reported income of $70k and spending of $49k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $70k (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Day Equines Therapy sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within VA. Charities of a similar size with the same main cause include Legal Aid Society of Monmouth County 599 Lake Avenue ($70k), Naval Submarine League ($70k) and Windsor Volunteer Rescue Squad Inc ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $19k (38% of expenses). At year end it held assets of $117k against liabilities of $0, net assets of $117k.