Pegasus Riding Academy for the Handicapped
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Elevating the capabilities of kids and adults with disabilities through therapeutic horseback riding.
- Income
- $307,891
- Spending
- $461,657
- Spent on programs
- 55%
- Reserves
- 4.1 months of spending
- Largest source of income
- donations and private grants, 100%
- Employees
- 4
- Volunteers
- 100
- Highest pay
- $93,222, executive dir.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 54 out of 100.
Reserves
20 of 35Spendable reserves would cover 4.1 months of spending.
Debt
16 of 20It owes 28% of what it owns.
Living within its means
0 of 15Spending exceeded income by 50% of income.
Income trend
10 of 15Income fell 8% on the year before.
Spending floor
8 of 1555% of spending went to programs and raising each dollar of donations cost 15 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 65 out of 100.
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no 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
0 of 5Reports no independent review process for its chief executive's pay.
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, 2024, 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 (1)
- $254,166 spent. Pegasus Therapeutic Riding is a place where children and adults of all ages and with all types of disabilities can come for a full range of motion exercise on horseback, equine assisted therapy. The walking motion of the horse's body, against human legs, massages all the muscles used in the human walk, and is an inspiring and exciting experience for those whose life is spent in a wheelchair or with disabilities. Each rider is gently eased into a program of physical exercise geared to their needs. Immobility causes good muscles to atrophy which leads to further problems for a disabled person. At Pegasus, we try to strengthen the muscles and joints with these exercises along with the effort required in mounting, dismounting and riding a horse. Our program offers psychological and emotional benefits such as learning to concentrate, the discipline of following directions and a sense of accomplishment at being able to steer a large animal. Most autistics have difficulty bonding with people, a short attention span and most do not communicate. At Pegasus autistics are able to bond with an animal and volunteers, developing trust and confidence. In the riding arena many of them are suddenly attentive and some have found ways to communicate. Riders feel a sense of accomplishment by achieving certain goals. The interaction with the volunteers and the horse also help the riders socializing skills. At Pegasus we look to the ABILITY of a person rather than the DISABILITY. At Pegasus, we believe everyone is worthy and we know that MIRACLES DO HAPPEN, we see them every time we take a person out of a wheelchair and put them on a horse. About Our Clients: Riders/Clients come from the Coachella Valleys Unified School Districts special needs classes. Pegasus pays to bus these riders to and from our facility during the week. Other riders/clients are referred from Angel View Crippled Children's Foundation, Desert Arc, Autism Association, and ACT for MS. We also have classes for preschool and home school children, and we get referrals from Loma Linda and private practice doctors.
Source: Form 990 for the year ending December 31, 2024, 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 September 7, 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 September 30, 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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1982.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 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.