Helping Horse Inc

Analysis

Helping Horse Inc is a registered charity in United States, based in Wendell, NC. It received its IRS tax-exemption ruling in October 1989, 37 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Helping Horse Inc reported income of $309k and spending of $241k, leaving 22% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $205k to $309k (+51%), an average of +15% a year. The sharpest change came in the year to August 2022, when income rose by 49%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Helping Horse Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Sumter Pregnancy Center ($309k), Washburn Volunteer Ambulance Inc ($309k) and Alzheimers Care Armenia ($309k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $35k (15% of expenses). Other salaries and wages came to $36k. At year end it held assets of $412k against liabilities of $60k, net assets of $352k. It reported 18 employees.