Horseracing Wrongs Inc

Analysis

Horseracing Wrongs Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Horseracing Wrongs Inc reported income of $80k and spending of $80k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $80k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 96% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Horseracing Wrongs Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Pooch Kaboose Inc ($80k), Panola County Humane Society Inc ($80k) and Starfish Animal Haven Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.