Mississippi Quarter Horse Association

Analysis

Mississippi Quarter Horse Association is a registered charity in United States, based in Walnut Grove, MS. It received its IRS tax-exemption ruling in August 2021, 5 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 October 2023, Mississippi Quarter Horse Association reported income of $409k and spending of $363k, spending 89% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $383k to $409k (+6.9%), an average of +1.7% a year. The sharpest change came in the year to October 2022, when income rose by 105%. 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, Mississippi Quarter Horse Association sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MS. Charities of a similar size with the same main cause include Standing Boy Inc ($409k), Regatta Point Community Sailing Inc ($409k) and Fairport Swimming Inc ($409k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $309k against liabilities of $0, net assets of $309k.