Heroes on Horseback

Analysis

Heroes on Horseback is a registered charity in United States, based in Bluffton, SC. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Heroes on Horseback reported income of $184k and spending of $276k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $242k to $184k (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2021, when income rose by 120%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Heroes on Horseback sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 57th percentile within SC. Charities of a similar size with the same main cause include Virginia Lady Eagles Inc ($184k), MPK Baseball and Softball Inc ($184k) and Berkley Dads Club ($184k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $147k against liabilities of $2,768, net assets of $144k.