Steadfast Steeds

Analysis

Steadfast Steeds is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover animal-related, which this site groups under animals. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steadfast Steeds reported income of $66k and spending of $74k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $66k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 120% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Steadfast Steeds sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 22nd percentile within CO. Charities of a similar size with the same main cause include Happy Tails Rescue Retirement Home ($66k), Second Chances Animal Rescue- Pontotoc Ms ($66k) and Waif Endowment Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $51k against liabilities of $62k, net assets of -$11k.