Renew Therapeutic Riding Center

Analysis

Renew Therapeutic Riding Center is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Renew Therapeutic Riding Center reported income of $1.0m and spending of $782k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $978k to $1.0m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Renew Therapeutic Riding Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Center for the Disabled Foundation Inc ($1.0m), Seed to Table Oregon ($1.0m) and Created Women Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $389k. At year end it held assets of $3.0m against liabilities of $245k, net assets of $2.8m. It reported 13 employees.