Horseback Miracles Inc

Analysis

Horseback Miracles Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in April 1961, 65 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Horseback Miracles Inc reported income of $97k and spending of $145k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $97k (-77%), an average of -31% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Horseback Miracles Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($97k), The Cecilia Fund ($97k) and PTA Florida Congress Fishhawk Creek Elementary School ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $592k against liabilities of $469k, net assets of $123k.