Pegasus Therapeutic Riding Academy Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Our mission is to provide therapeutic exercise in various forms always emphasizing ability and maintaining an environment of respect and trust for our riders, volunteers and horses.
- Income
- $663,695
- Spending
- $642,646
- Spent on programs
- 87%
- Reserves
- 3 months of spending
- Largest source of income
- fees for its services, 42%
- Employees
- 26
- Volunteers
- 111
- Highest pay
- $62,654, executive director
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100.
Reserves
20 of 35Spendable reserves would cover 3.0 months of spending.
Debt
20 of 20It owes 13% of what it owns.
Living within its means
15 of 15Income exceeded spending by 3% of income.
Income trend
15 of 15Income rose 10% on the year before.
Spending floor
15 of 1587% of spending went to programs and raising each dollar of donations cost 9 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100.
Independent board
25 of 2510 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $448,248 spent. Pegasus TRA provides equine-assisted activities and therapies to individuals with disabilities, diagnoses, and at-risk populations. Incorporated as a non-profit organization in 1982, the program partners with horses, and their unique three-dimensional swing gate, to promote improved physical strength, emotional well-being, independence, along other key life skills. Pegasus provides therapeutic exercise in various forms, always emphasizing ability maintaining an environment of respect trust for our riders, volunteers, horses. Therapeutic riding has many components, including physical, psychological, recreational, as well as educational. Our facilities include a state-of-the-art indoor riding arena that permits year-round operation. We currently have 16 therapy horses of varied sizes breeds. The program staff consists of two full-time employees nine part-time employees. Pegasus is a PATH Professional Association of Volunteers Approximately 90 per week Provide a significant part of the workforce since each rider requires three volunteers to lead the horse and sidewalk on either side of the horse for support during the weekly lessons. Last year our volunteers contributed over 7,000 hours of their time to our program. The Pegasus Program reaches approximately 100 participants each week which translates into over 4,000 lessons per year. Although our riders represent many different disabilities, we have seen a marked increase in the number of participants with autism spectrum disorders. In September 2007 we created a specialized program for children with autism spectrum disorders that initially served four and now twelve clients on Monday evenings. In further response to our clients requests we offer lessons on Saturdays and Sundays. Pegasus is the only therapeutic riding program in Philadelphia and, as such, it enables us to serve a diverse population including groups from Moss Rehabilitation Hospital, Pennsylvania School for the Deaf, HMS School of West Philadelphia for Children with Severe Cerebral Palsy, Widener School and Beechwood Rehabilitation for Adults with Head Trauma. Half hour group 4 Riders riding lessons are conducted on Wednesday and Thursday mornings and Tuesday, Wednesday and Thursday evenings and Saturdays and Sundays. Monday evening is dedicated to the Autism Program. Pegasus also has a senior saddles program for riders 55, which focuses on the physical challenges of the population approaching senior years. The Pegasus Program continues to grow and evolve to meet the needs and demands of the disabled community in Philadelphia and the surrounding area.
- $79,103 spent. Pegasus operates an autism program to meet the growing need for services for children diagnosed with autism spectrum disorders. Many in the medical community believe that there is a special connection between horses and children with autism because both interpret the world in pictures. As the bond grows between child and animal, progress such as improved communication, social skills, and behavior become possible in many cases. This program accomodates 12 riders per week.
- $34,093 spent. Other programs
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 1983.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.