Horses for a Change Inc

Analysis

Horses for a Change Inc is a registered charity in United States, based in Esopus, NY. It received its IRS tax-exemption ruling in November 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Horses for a Change Inc reported income of $159k and spending of $181k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $269k to $159k (-41%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Horses for a Change Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Westcoast Sports Associates Inc ($159k), Miami Skating Academy Parents ($159k) and CHHS Football Club ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $64k. At year end it held assets of $22k against liabilities of $60k, net assets of -$38k. It reported 3 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.