The Horsepark at Woodside Ltd

Analysis

The Horsepark at Woodside Ltd is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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 March 2023, The Horsepark at Woodside Ltd reported income of $5.2m and spending of $4.8m, spending 94% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.8m to $5.2m (+86%), an average of +17% a year. The sharpest change came in the year to March 2022, when income rose by 71%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Horsepark at Woodside Ltd sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Volunteer Center of Santa Cruz County ($5.2m), St Peters School ($5.2m) and Internet Security Research Group ($5.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $139k (2.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.3m against liabilities of $1.9m, net assets of $5.4m. It reported 19 employees.