Racehorse Remember Me Rescue Foundation

Analysis

Racehorse Remember Me Rescue Foundation is a registered charity in United States, based in Burleson, TX. It received its IRS tax-exemption ruling in September 2010, 16 years ago. 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, Racehorse Remember Me Rescue Foundation reported income of $261k and spending of $232k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $261k (+160%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Racehorse Remember Me Rescue Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include St James Court Historic Foundation Inc ($261k), Lawsonville Volunteer Fire Department Inc ($261k) and Illini Community Health Care Foundation ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $123k against liabilities of $4,326, net assets of $119k. It reported 1 employees.