Helping with Horsepower a Spirithorse Center

Analysis

Helping with Horsepower a Spirithorse Center is a registered charity in United States, based in Mitchell, SD. It received its IRS tax-exemption ruling in October 2018, 8 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, Helping with Horsepower a Spirithorse Center reported income of $165k and spending of $191k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $165k (-8.3%), an average of -8.3% a year. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Helping with Horsepower a Spirithorse Center 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 49th percentile, and in the 46th percentile within SD. Charities of a similar size with the same main cause include Clutch Up Inc ($165k), Brighton Wrestling Club Incorporated ($165k) and Viking Wrestling Boosters Club Inc ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $124k against liabilities of $71k, net assets of $53k.