Wings of Hope Equitherapy

Analysis

Wings of Hope Equitherapy is a registered charity in United States, based in Cleburne, TX. It received its IRS tax-exemption ruling in July 1997, 29 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 July 2023, Wings of Hope Equitherapy reported income of $695k and spending of $613k, spending 88% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $434k to $695k (+60%), an average of +12% a year. The sharpest change came in the year to July 2022, when income rose by 79%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wings of Hope Equitherapy sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include GR Greene County Commuity Ministry ($695k), East Side Child Care Center Inc ($695k) and Sasha Center Inc ($695k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 68% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $59k (9.6% of expenses). Other salaries and wages came to $241k. At year end it held assets of $1.5m against liabilities of $74k, net assets of $1.4m. It reported 11 employees.