Hoofbeats with Heart

Analysis

Hoofbeats with Heart is a registered charity in United States, based in Higley, AZ. It received its IRS tax-exemption ruling in December 2007, 19 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, Hoofbeats with Heart reported income of $786k and spending of $923k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $748k to $786k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to December 2020, when income rose by 26%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoofbeats with Heart sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Tivnu Building Justice ($786k), Union Development Corporation ($786k) and International Association for Indigenous Aging ($786k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Other salaries and wages came to $581k. At year end it held assets of $205k against liabilities of $783k, net assets of -$578k. It reported 24 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.