Prancing Horse Inc

Analysis

Prancing Horse Inc is a registered charity in United States, based in Southern Pnes, NC. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Prancing Horse Inc reported income of $365k and spending of $349k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $365k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Prancing Horse Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Sitting Well at the Well Inc ($365k), Columbia Basin Cancer Foundation ($365k) and Bens Ranch Foundation Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 19% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.3m against liabilities of $587, net assets of $1.3m. It reported 11 employees.