Heartspace Horse Sanctuary

Analysis

Heartspace Horse Sanctuary is a registered charity in United States, based in Redmond, OR. It received its IRS tax-exemption ruling in June 2018, 8 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, Heartspace Horse Sanctuary reported income of $101k and spending of $117k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $101k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 119% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Heartspace Horse Sanctuary sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OR. Charities of a similar size with the same main cause include Massachusetts Humane Society Inc ($101k), Sunny Creek Ranch Equine Services ($101k) and Cascade Canine Rescue East and West ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $6,125 against liabilities of $23k, net assets of -$17k.