Heroes and Horses Inc

Analysis

Heroes and Horses Inc is a registered charity in United States, based in Manhattan, MT. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Heroes and Horses Inc reported income of $5.2m and spending of $2.2m, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $5.2m (+341%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 168%. Over the whole period it spent 41% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heroes and Horses Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MT. Charities of a similar size with the same main cause include Envisage Life ($5.2m), Susannah Wesley Community Center ($5.2m) and Childcare Network of Niagara Frontier Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (5.4% of expenses). Other salaries and wages came to $689k. At year end it held assets of $12.9m against liabilities of $2.2m, net assets of $10.7m. It reported 20 employees.