Spirithorse Rehabilitation Center

Analysis

Spirithorse Rehabilitation Center is a registered charity in United States, based in Castroville, TX. It received its IRS tax-exemption ruling in May 2019, 7 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, Spirithorse Rehabilitation Center reported income of $80k and spending of $80k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $80k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spirithorse Rehabilitation Center sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Chen Teng Hsiu Compassion Foundation ($80k), Green and Gold Foundation of Lake Wales Inc ($80k) and Ladies of Charity ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $9,478 against liabilities of $0, net assets of $9,478.