Horses for Hope TRC Inc

Analysis

Horses for Hope TRC Inc is a registered charity in United States, based in Fuquay Varina, NC. It received its IRS tax-exemption ruling in November 2003, 23 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, Horses for Hope TRC Inc reported income of $165k and spending of $177k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $259k to $165k (-36%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horses for Hope TRC Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Coconino Coalition for Children & Youth ($165k), Irving-The Main Place ($165k) and Volunteer Guardianship One-On-One ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $75k against liabilities of $24k, net assets of $52k.