Iowa Horse Industry Council Inc

Analysis

Iowa Horse Industry Council Inc is a registered charity in United States, based in Lovilia, IA. It received its IRS tax-exemption ruling in March 2002, 24 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, Iowa Horse Industry Council Inc reported income of $288k and spending of $276k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $288k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iowa Horse Industry Council Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Minnesota Warriors Ice Hockey ($288k), Perfect 10 Booster Club Inc ($288k) and Matadors Baseball Academy ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.