Hooves of Hope Equestrian Center Inc

Analysis

Hooves of Hope Equestrian Center Inc is a registered charity in United States, based in Lancaster, KY. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hooves of Hope Equestrian Center Inc reported income of $260k and spending of $257k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $182k to $260k (+43%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hooves of Hope Equestrian Center Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Evergreen Meadow Services Inc ($260k), Replay for Kids ($260k) and Better2gether Rva ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $53k (21% of expenses). At year end it held assets of $77k against liabilities of $0, net assets of $77k.