Medicine Horse Center - Therapeutic Riding & Equine Rehabilitation

Analysis

Medicine Horse Center - Therapeutic Riding & Equine Rehabilitation is a registered charity in United States, based in Mancos, CO. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Medicine Horse Center - Therapeutic Riding & Equine Rehabilitation reported income of $398k and spending of $269k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $398k (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Medicine Horse Center - Therapeutic Riding & Equine Rehabilitation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Iopo Foundation Inc ($398k), Sower Organization ($398k) and Pitt Hopkins Research Foundation ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $63k (24% of expenses). Other salaries and wages came to $104k. At year end it held assets of $327k against liabilities of $2, net assets of $327k. It reported 6 employees.