Horses with H E a R T Inc

Analysis

Horses with H E a R T Inc is a registered charity in United States, based in Chino Valley, AZ. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Horses with H E a R T Inc reported income of $586k and spending of $414k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $194k to $586k (+202%), an average of +44% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Horses with H E a R T Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within AZ. Charities of a similar size with the same main cause include Hope Within Ministries Inc ($585k), Medical Financial Services Inc ($586k) and Soft Bones Inc the US Hypophosphatasia Foundation ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $11k (2.6% of expenses). Other salaries and wages came to $60k. It paid $4,609 in professional fundraising fees. At year end it held assets of $991k against liabilities of $345k, net assets of $646k. It reported 14 employees.