Colorado Therapeutic Riding Center

Analysis

Colorado Therapeutic Riding Center is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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, Colorado Therapeutic Riding Center reported income of $656k and spending of $745k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $789k to $656k (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Therapeutic Riding Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Federation Towers Clarksdale ($656k), Boy Scouts of America ($656k) and Bethel Manor II ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $80k (11% of expenses). Other salaries and wages came to $275k. At year end it held assets of $951k against liabilities of $129k, net assets of $822k. It reported 20 employees.