Power of Hope Equestrian Center

Analysis

Power of Hope Equestrian Center is a registered charity in United States, based in Steelville, MO. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Power of Hope Equestrian Center reported income of $136k and spending of $130k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $136k (+144%), an average of +144% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Power of Hope Equestrian Center 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 45th percentile, and in the 42nd percentile within MO. Charities of a similar size with the same main cause include North Kitsap Soccer Club ($136k), Hempfield Area Ice Hockey Association ($136k) and Oneonta Outlaws Baseball Club Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 42% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.