Whispers of Hope Horsefarm

Analysis

Whispers of Hope Horsefarm is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Whispers of Hope Horsefarm reported income of $234k and spending of $267k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $159k to $234k (+48%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Whispers of Hope Horsefarm sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Macomb Cultural and Economic Partnership ($234k), Compass Aviation Inc ($234k) and Beauty Amidst the Ashes Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 49% of the total. At year end it held assets of $289k against liabilities of $51k, net assets of $238k.