National Center for Equine Facilitated Therapy

Analysis

National Center for Equine Facilitated Therapy is a registered charity in United States, based in Woodside, CA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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 August 2023, National Center for Equine Facilitated Therapy reported income of $1.6m and spending of $2.3m, spending 142% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.7m to $1.6m (-41%), an average of -12% a year. The sharpest change came in the year to August 2020, when income dropped by 43%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Center for Equine Facilitated Therapy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Boys & Girls Club of Dayton Inc ($1.6m), The Mustard Seed of Central Florida Inc ($1.6m) and Holt International Foundation of China ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 43% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $82k (3.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.5m against liabilities of $323k, net assets of $6.2m. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.