Virginia Thoroughbred Project

Analysis

Virginia Thoroughbred Project is a registered charity in United States, based in Mntpelier Sta, VA. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Virginia Thoroughbred Project reported income of $165k and spending of $153k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $339k to $165k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 51% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Virginia Thoroughbred Project sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Ruff Tales Rescue Corporation ($165k), Must Love Corsos Rescue ($165k) and Second Call Thoroughbred Adoption and Placement ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $377k against liabilities of $0, net assets of $377k.