Midatlantic Horse Rescue Inc

Analysis

Midatlantic Horse Rescue Inc is a registered charity in United States, based in Chesapeake Cy, MD. It received its IRS tax-exemption ruling in February 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 (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, Midatlantic Horse Rescue Inc reported income of $503k and spending of $491k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $503k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Midatlantic Horse Rescue Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include City Ranch Inc ($503k), Sierras Haven for New and Used Pets ($503k) and Rescue Charlies Friends ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $61k (12% of expenses). Other salaries and wages came to $37k. At year end it held assets of $588k against liabilities of $7,510, net assets of $581k. It reported 8 employees.