Healing Hoofbeats of CT Inc

Analysis

Healing Hoofbeats of CT Inc is a registered charity in United States, based in Bethlehem, CT. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Healing Hoofbeats of CT Inc reported income of $272k and spending of $275k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $272k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Healing Hoofbeats of CT Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Nothing Pink Inc ($272k), Begin Anew ($272k) and Cambria County Drug Coalition Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $78k (28% of expenses). Other salaries and wages came to $113k. At year end it held assets of $45k against liabilities of $14k, net assets of $32k. It reported 6 employees.