New Hope Equine Assisted Therapy

Analysis

New Hope Equine Assisted Therapy is a registered charity in United States, based in Argyle, TX. It received its IRS tax-exemption ruling in April 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, New Hope Equine Assisted Therapy reported income of $225k and spending of $265k, spending 118% of what it took in. Across the 4 years on record, from August 2021 to August 2024, income grew from $197k to $225k (+14%), an average of +4.5% a year. The sharpest change came in the year to August 2023, when income rose by 50%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Hope Equine Assisted Therapy sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Shiloh Farms Home of Rise Rehabilitation ($225k), American Academy of Otolarngic Allergy Foundation Inc ($225k) and Graham Hospital Foundation Incorporated ($224k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 61% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $36k (13% of expenses). Other salaries and wages came to $62k. At year end it held assets of $26k against liabilities of $4,871, net assets of $21k.