Hearts & Hoofbeats Inc

Analysis

Hearts & Hoofbeats Inc is a registered charity in United States, based in Apple Creek, OH. It received its IRS tax-exemption ruling in August 2023, 3 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, Hearts & Hoofbeats Inc reported income of $389k and spending of $84k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $213k to $389k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 21% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hearts & Hoofbeats Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include The Vine Early Learning Inc ($389k), Kids Soar ($389k) and Wesleyan Homes of Troy Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $642k against liabilities of $166k, net assets of $476k.