Hugs for Horses and Children Youth Ranch Inc

Analysis

Hugs for Horses and Children Youth Ranch Inc is a registered charity in United States, based in Byron Center, MI. It received its IRS tax-exemption ruling in December 2008, 18 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, Hugs for Horses and Children Youth Ranch Inc reported income of $368k and spending of $244k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $368k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 66% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hugs for Horses and Children Youth Ranch Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Goshen County Junior Livestock Sale ($368k), 4 Dogs Farm Rescue ($368k) and Animal Rescue and Foster Program Inc ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $61k (25% of expenses). Other salaries and wages came to $59k. At year end it held assets of $800k against liabilities of $12k, net assets of $788k. It reported 7 employees.