Harmony Acres Equestrian Center

Analysis

Harmony Acres Equestrian Center is a registered charity in United States, based in Fruita, CO. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Harmony Acres Equestrian Center reported income of $856k and spending of $748k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $856k (+102%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Harmony Acres Equestrian Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include House of Life and Hope Inc ($856k), Generation Pledge Inc ($857k) and Dallas Casa Endowment Fund ($856k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $73k (9.8% of expenses). Other salaries and wages came to $193k. At year end it held assets of $1.5m against liabilities of $666k, net assets of $848k. It reported 12 employees.