Darkhorse Benefits Inc

Analysis

Darkhorse Benefits Inc is a registered charity in United States, based in Winter SPGS, FL. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Darkhorse Benefits Inc reported income of $457k and spending of $650k, spending 142% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $312k to $457k (+47%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 194%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Darkhorse Benefits Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Legacy Ministries ($457k), Red Hat Thrift Store ($457k) and Veteran Rites Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (7.8% of expenses). At year end it held assets of $106k against liabilities of $185k, net assets of -$79k. It reported 1 employees.