Rising Hope Equestrian Center

Analysis

Rising Hope Equestrian Center is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in March 2022, 4 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, Rising Hope Equestrian Center reported income of $263k and spending of $269k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $263k (+1.0%), an average of +1.0% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rising Hope Equestrian Center sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Hope Adoption Inc ($263k), Shaili Org ($263k) and Beautiful Feet Global Outreach Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. At year end it held assets of $62k against liabilities of $270, net assets of $61k.