Hope Horses Inc

Analysis

Hope Horses Inc is a registered charity in United States, based in Cullman, AL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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, Hope Horses Inc reported income of $213k and spending of $224k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $223k to $213k (-4.3%), an average of -4.3% a year. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Horses Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Redside Foundation Inc ($213k), West Georgia Prevention & Advocacy Resource Center Inc ($213k) and Cleveland Psychoanalytic Center ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $45k (20% of expenses). Other salaries and wages came to $51k. At year end it held assets of $346k against liabilities of $2,587, net assets of $343k. It reported 4 employees.