California Thoroughbred Horsemens Foundation

Analysis

California Thoroughbred Horsemens Foundation is a registered charity in United States, based in Arcadia, CA. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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 June 2023, California Thoroughbred Horsemens Foundation reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.1m (+5.4%), an average of +1.3% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, California Thoroughbred Horsemens Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Mental Health America of Central Carolinas Inc ($2.1m), Network of Schools of Public Policy Affairs and Administration ($2.1m) and Framingham State University Foundation Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $174k (8.4% of expenses). Other salaries and wages came to $980k. At year end it held assets of $4.9m against liabilities of $95k, net assets of $4.9m. It reported 22 employees.