New Hope Equine

Analysis

New Hope Equine is a registered charity in United States, based in Aiken, SC. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 September 2023, New Hope Equine reported income of $127k and spending of $28k, leaving 78% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $28k to $127k (+360%), an average of +360% a year. The sharpest change came in the year to September 2023, when income rose by 360%. Over the whole period it spent 87% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, New Hope Equine sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within SC. Charities of a similar size with the same main cause include Dharmahorse ($127k), Chainfree USA ($127k) and Joeys Paw Inc ($127k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 144% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.