Horses with Hearts Inc

Analysis

Horses with Hearts Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Horses with Hearts Inc reported income of $298k and spending of $183k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $298k (+133%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 56% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Horses with Hearts Inc 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 62nd percentile, and in the 60th percentile within WV. Charities of a similar size with the same main cause include Arizona Deer Association Inc ($298k), Soul Harbour Ranch Animal Therapy Program ($298k) and A Lab for Life ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 20% of the total. At year end it held assets of $1.2m against liabilities of $119k, net assets of $1.1m.