Hearts & Horses Inc

Analysis

Hearts & Horses Inc is a registered charity in United States, based in Loveland, CO. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover health care, 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 June 2023, Hearts & Horses Inc reported income of $2.3m and spending of $2.1m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.3m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2020, when income dropped by 36%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hearts & Horses Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Tenth District Substance Abuse Program ($2.3m), Jewel Charity Ball Incorporated ($2.3m) and Tampa Bay Thrives ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $98k (4.6% of expenses). Other salaries and wages came to $882k. At year end it held assets of $5.6m against liabilities of $194k, net assets of $5.4m. It reported 33 employees.