The Good Horseman Foundation

Analysis

The Good Horseman Foundation is a registered charity in United States, based in Pine Lake, GA. It received its IRS tax-exemption ruling in February 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Good Horseman Foundation reported income of $104k and spending of $82k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $104k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Good Horseman Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within GA. Charities of a similar size with the same main cause include Madison Ridgeland Youth Softball Club Inc ($104k), Derry Diamond Athletic Association ($104k) and Plum Midget Football Assocation ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. At year end it held assets of $10k against liabilities of $18k, net assets of -$7,264.