Horsespeak Center for Personal Development Inc

Analysis

Horsespeak Center for Personal Development Inc is a registered charity in United States, based in Burson, CA. It received its IRS tax-exemption ruling in May 2015, 11 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, Horsespeak Center for Personal Development Inc reported income of $136k and spending of $133k, spending 98% of its income. Across the 3 years on record, from December 2018 to December 2023, income fell from $314k to $136k (-57%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Horsespeak Center for Personal Development Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Harbor Centers Inc ($136k), Womensource Inc ($136k) and Hancock County Cis Family Connection Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 58% of the total. At year end it held assets of $282k against liabilities of $639, net assets of $281k.