Hope Springs Equestrian Therapy Inc

Analysis

Hope Springs Equestrian Therapy Inc is a registered charity in United States, based in Chester SPRGS, PA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Springs Equestrian Therapy Inc reported income of $174k and spending of $273k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $227k to $174k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Springs Equestrian Therapy Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Concrete Cares of Nebraska ($174k), Mental Health America of Hendricks County Inc ($174k) and Chippewa Health Access Coalition ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $78k (28% of expenses). Other salaries and wages came to $49k. At year end it held assets of $123k against liabilities of $18k, net assets of $106k. It reported 10 employees.