Steel Horse Rally Inc

Analysis

Steel Horse Rally Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Steel Horse Rally Inc reported income of $185k and spending of $148k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $185k (+66%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steel Horse Rally Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within AR. Charities of a similar size with the same main cause include Clay Associates ($185k), Kandiyohi County Historical Society ($185k) and Musicians of the Old Post Road Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Compensation of current officers, directors and key employees was $92k (62% of expenses). At year end it held assets of $102k against liabilities of $2,102, net assets of $100k. It reported 1 employees.