Horsemens Distress Fund Inc

Analysis

Horsemens Distress Fund Inc is a registered charity in United States, based in Bridgewater, CT. It received its IRS tax-exemption ruling in October 2005, 21 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, Horsemens Distress Fund Inc reported income of $512k and spending of $584k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $512k (+125%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horsemens Distress Fund Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include New Choices Inc ($512k), Family Promise North Shore Boston Inc ($512k) and Learn-N-Play Inc ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $287k against liabilities of $0, net assets of $287k.