Horses for Heroes-New Mexico Inc

Analysis

Horses for Heroes-New Mexico Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in August 2010, 16 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 (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, Horses for Heroes-New Mexico Inc reported income of $432k and spending of $81k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $381k to $432k (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 22% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horses for Heroes-New Mexico Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within NM. Charities of a similar size with the same main cause include Frio Canyon Ems Inc ($432k), Meadville Medical Center Foundation ($432k) and Beth Abraham Services ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.