Foundation for the Horse

Analysis

Foundation for the Horse is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Foundation for the Horse reported income of $2.0m and spending of $1.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.3m to $2.0m (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 551%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for the Horse sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within KY. Charities of a similar size with the same main cause include Franklin County Dial Self Inc ($2.0m), Young Mens Christian Assn of Greensburg Pa ($2.0m) and Philadelphia AIDS Thrift ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $261k. At year end it held assets of $7.6m against liabilities of $48k, net assets of $7.6m.