Hope After Racing Thoroughbreds

Analysis

Hope After Racing Thoroughbreds is a registered charity in United States, based in Altoona, IA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 After Racing Thoroughbreds reported income of $150k and spending of $137k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $150k (+71%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 94% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hope After Racing Thoroughbreds sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within IA. Charities of a similar size with the same main cause include Ohio House Rabbit Rescue Inc ($149k), Safe Place for Animals ($150k) and Alabama Boston Terrier Rescue Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 8.6% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.