Salado Elite Riders

Analysis

Salado Elite Riders is a registered charity in United States, based in Salado, TX. It received its IRS tax-exemption ruling in October 2019, 7 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, Salado Elite Riders reported income of $87k and spending of $87k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $87k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Salado Elite Riders sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Flyin Ryan Hawks Foundation Inc ($87k), Brown County Charity Horse Show Inc ($87k) and Lake Oswego Youth Lacrosse ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.0% of the total. At year end it held assets of $9,175 against liabilities of $0, net assets of $9,175.