Horses of Hope-Caballos de Esperanza Inc

Analysis

Horses of Hope-Caballos de Esperanza Inc is a registered charity in United States, based in Isabela, PR. It received its IRS tax-exemption ruling in September 2018, 8 years ago. 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, Horses of Hope-Caballos de Esperanza Inc reported income of $104k and spending of $104k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $66k to $104k (+57%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horses of Hope-Caballos de Esperanza Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 26th percentile within PR. Charities of a similar size with the same main cause include Koinonia Foundation Inc ($104k), Davis Madrigals Inc ($104k) and Veterans Strong Community Center Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Other salaries and wages came to $50k. At year end it held assets of $92k against liabilities of $1,086, net assets of $91k.