The Horse of Many Colors

Analysis

The Horse of Many Colors is a registered charity in United States, based in Heber City, UT. It received its IRS tax-exemption ruling in January 2020, 6 years ago. 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, The Horse of Many Colors reported income of $146k and spending of $185k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $216k to $146k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Horse of Many Colors sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within UT. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($146k), Professional Face-To-Face Fundraising Association ($146k) and Greater Princeton Youth Orchestra ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.