Hope for Horses

Analysis

Hope for Horses is a registered charity in United States, based in Leicester, NC. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 2022, Hope for Horses reported income of $226k and spending of $230k, spending 102% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $283k to $226k (-20%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Hope for Horses sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Tri-Lakes Humane Society ($226k), Ruff House Rescue Inc ($226k) and Greater Hillsdale Humane Society ($226k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $838k against liabilities of $168k, net assets of $671k.