Project Horseshoe Farm

Analysis

Project Horseshoe Farm is a registered charity in United States, based in Greensboro, AL. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Project Horseshoe Farm reported income of $1.4m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $1.4m (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Project Horseshoe Farm sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within AL. Charities of a similar size with the same main cause include Phil C Bradley Housing Partnership Consorcio de Vivienda Phil C Bradl ($1.4m), Harrington Center for the Arts ($1.4m) and Lawrence Community Shelter Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Other salaries and wages came to $299k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.6m.