Humane Equine Aid & Rapid Transport Inc

Analysis

Humane Equine Aid & Rapid Transport Inc is a registered charity in United States, based in Madison, VA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Humane Equine Aid & Rapid Transport Inc reported income of $300k and spending of $378k, spending 126% of what it took in. Across the 5 years on record, from May 2019 to May 2024, income grew from $213k to $300k (+41%), an average of +8.9% a year. The sharpest change came in the year to May 2022, when income dropped by 100%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Humane Equine Aid & Rapid Transport Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Old Harbor Alliance ($300k), Kula for Karma ($300k) and Childrenz Center ($300k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $213k. At year end it held assets of $258k against liabilities of $121k, net assets of $137k. It reported 13 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.