This Old Horse Inc

Analysis

This Old Horse Inc is a registered charity in United States, based in Afton, MN. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, This Old Horse Inc reported income of $1.3m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $678k to $1.3m (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, This Old Horse Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Central Area Rural Transit System Inc ($1.3m), Khmer Community of Seattle-King County ($1.3m) and Commit Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% and program service revenue 0.4% of the total. Other salaries and wages came to $245k. At year end it held assets of $2.7m against liabilities of $2.8m, net assets of -$145k. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.