Hopeful Hoofbeats

Analysis

Hopeful Hoofbeats is a registered charity in United States, based in Blain, PA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hopeful Hoofbeats reported income of $96k and spending of $71k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $140k to $96k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopeful Hoofbeats sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within PA. Charities of a similar size with the same main cause include Minnesota Softball Military Appreciation Foundation ($96k), Hadwin Family Foundation Inc ($96k) and The Joseph Project International Las Vegas ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $148k against liabilities of $34k, net assets of $114k.