Communication Alliance to Network Thoroughbred Ex-Racehorses

Analysis

Communication Alliance to Network Thoroughbred Ex-Racehorses is a registered charity in United States, based in Commerce TWP, MI. It received its IRS tax-exemption ruling in February 2006, 20 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, Communication Alliance to Network Thoroughbred Ex-Racehorses reported income of $276k and spending of $287k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $276k (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Communication Alliance to Network Thoroughbred Ex-Racehorses sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Feline Network of the Central Coast ($276k), Peter Emily International Veterinary Dental Foundation ($276k) and Friends of the Animal Shelter of Saint Joseph Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.7% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.