War Horse News

Analysis

War Horse News is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, War Horse News reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $285k to $1.2m (+332%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 157%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, War Horse News sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Peekskill Community Volunteer Ambulance Corp ($1.2m), Circleville-Pickaway Community Improvement Corp ($1.2m) and Asia Developmental Services Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $219k (16% of expenses). Other salaries and wages came to $425k. At year end it held assets of $739k against liabilities of $71k, net assets of $668k. It reported 7 employees.