Hope Horses & Kids

Analysis

Hope Horses & Kids is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Hope Horses & Kids reported income of $421k and spending of $372k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $421k (+126%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hope Horses & Kids sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Watson Softball ($421k), Friends of the County Parks and Recreation Department Inc ($421k) and Cheyenne Soccer Club ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $63k. At year end it held assets of $160k against liabilities of $5,869, net assets of $154k. It reported 9 employees.