Horses for Healing

Analysis

Horses for Healing is a registered charity in United States, based in Corrales, NM. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Horses for Healing reported income of $442k and spending of $463k, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $204k to $442k (+117%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horses for Healing sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within NM. Charities of a similar size with the same main cause include Health Information Network Inc ($442k), House of Hope Inc ($443k) and Grand Isle Rescue Inc ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $133k. At year end it held assets of $7,448 against liabilities of $61k, net assets of -$54k. It reported 2 employees.