Hope Equine Rescue

Analysis

Hope Equine Rescue is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in July 2010, 16 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, Hope Equine Rescue reported income of $182k and spending of $222k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $863k to $182k (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 54% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hope Equine Rescue sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Lucky Dawg Animal Rescue Inc ($182k), Friends of Felines Inc ($182k) and Steampunk Farms Rescue Barn Inc ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. At year end it held assets of $720k against liabilities of $15k, net assets of $706k.

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.