United Professional Horsemens Foundation

Analysis

United Professional Horsemens Foundation is a registered charity in United States, based in Midway, KY. It received its IRS tax-exemption ruling in June 1981, 45 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Professional Horsemens Foundation reported income of $1.1m and spending of $824k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $748k to $1.1m (+46%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, United Professional Horsemens Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include The Arc of the Mid Ohio Valley Inc ($1.1m), Arts Council of Big Sky ($1.1m) and Dallas County Heritage Society ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $97k (12% of expenses). Other salaries and wages came to $114k. At year end it held assets of $3.2m against liabilities of $34k, net assets of $3.2m. It reported 4 employees.