Freedom Reigns Equine Assisted Ministry Inc

Analysis

Freedom Reigns Equine Assisted Ministry Inc is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Freedom Reigns Equine Assisted Ministry Inc reported income of $50k and spending of $137k, spending 274% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $50k (-69%), an average of -69% a year. The sharpest change came in the year to December 2023, when income dropped by 69%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freedom Reigns Equine Assisted Ministry Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 18th percentile within VA. Charities of a similar size with the same main cause include Vashti M McKenzie Foundation Inc ($50k), Open Doors Family Services Inc ($50k) and Trinity 1922 Foundation ($50k).

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 $14k against liabilities of $0, net assets of $14k.