Hope for Horses INC

Tax-deductible

Leicester, NC501(c)(3)Since 2012AnimalsEIN 56-2160232Revenue $358K in FY2025

On file with the IRShopeforhorses.org848 Turkey Creek Rd, 28748-7733 · Leicester, NCTax-exempt since Oct 2000Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to improve quality of life and end suffering for at-risk Horses in western north carolina.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $39K a year · 15% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $64K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$17K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$358K
+20% vs prior year
Spent
$213K
To programs
100%
Net assets
$827K
By yearFY2020–FY2025
Revenue
$358K
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$283K
FY2021$192K
FY2022$226K
FY2023$208K
FY2024$299K
FY2025$358K
Expenses
$213K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$197K
FY2021$256K
FY2022$230K
FY2023$211K
FY2024$227K
FY2025$213K
Net assets
$827K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$711K
FY2021$646K
FY2022$671K
FY2023$648K
FY2024$815K
FY2025$827K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $213K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Advisory - L
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Hope for Horses INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Rehabilitates horses to find them loving adoptive homes.

Questions for Hope for Horses INC

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Provided by the organization

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1 program · $194K · in their own filed words · FY2025
01

To improve quality of life and end suffering for at-risk horses in WNC.

$194Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$358K
Ln 12
Gifts and grantsLn 1h$291K
Fees for servicesLn 2g$67K
Other incomeLn 4–11$170
Money outPt IX
$213K
Ln 25
Programscol B$213K
Owns and owesPt X
$827K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$844K
LiabilitiesLn 26$17K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$291K
Government grantsLn 1e$291K
Fees for servicesLn 2g$67K
Other incomeLn 4–11$170
Total revenueLn 12$358K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Land, buildings, equipmentLn 10c$742K
Total assetsLn 16$844K
LiabilitiesLn 26$17K
Net assetsLn 32$827K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$81K$102K
Land, buildings, equipmentLn 10c$742K$742K
Total assetsLn 16$824K$844K
LiabilitiesLn 26$141K$17K
Net assetsLn 32$682K$827K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$22K$22K
Management feesLn 11a$27K$27K
Accounting feesLn 11c$950$950
Office expensesLn 13$5K$5K
Information technologyLn 14$711$711
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$86K$86K
All other expensesLn 24e$52K$52K
Total functional expensesLn 25$213K$213K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $358K$213K$145K$827K 990 PDF
FY2024 $299K$227K$73K$815K 990 PDF
FY2023 $208K$211K−$3K$648K 990 PDF
FY2022 $226K$230K−$4K$671K 990 PDF
FY2021 $192K$256K−$64K$646K 990 PDF
FY2020 $283K$197K$86K$711K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $358,304 revenue, 12 lines filed
I-8 Contributions and grants$290,976
I-9 Program service revenue$67,158
I-10 Investment income$0
I-11 Other revenue$170
I-12 Total revenue$358,304
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$21,820
I-16a Professional fundraising fees$0
I-17 Other expenses$191,488
I-18 Total expenses$213,308
I-19 Revenue less expenses$144,996
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $358,304 across 5 lines filed
VIII-1e Government grants$290,976
VIII-1h Total contributions, gifts and grants$290,976
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $67,158$67,158
VIII-8 Net income from fundraising events$170
VIII-12 Total revenueRelated to mission $67,158$358,304
Part IX · Statement of functional expenses $213,308 across 10 lines filed
IX-7 Other salaries and wagesPrograms $21,820$21,820
IX-11a Management feesPrograms $26,520$26,520
IX-11c Accounting feesPrograms $950$950
IX-13 Office expensesPrograms $4,592$4,592
IX-14 Information technologyPrograms $711$711
IX-17 TravelPrograms $3,517$3,517
IX-22 Depreciation, depletion and amortizationPrograms $15,574$15,574
IX-23 InsurancePrograms $2,381$2,381
IX-24 Other expenses (24a–d)Programs $85,606$85,606
IX-24e All other expensesPrograms $51,637$51,637
IX-25 Total functional expensesPrograms $213,308 · Management $0 · Fundraising $0$213,308
Part X · Balance sheet $844,042 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $80,643$101,630
X-10c Land, buildings and equipment, netStart of year $742,412$742,412
X-16 Total assetsStart of year $823,542$844,042
X-25 Other liabilitiesStart of year $141,164$16,668
X-26 Total liabilitiesStart of year $141,164$16,668
X-27 Net assets without donor restrictionsStart of year $682,378$827,374
X-32 Total net assets or fund balancesStart of year $682,378$827,374
X-33 Total liabilities and net assetsStart of year $823,542$844,042
Part XI · Reconciliation of net assets $827,374 net assets at year end
XI-1 Total revenue$358,304
XI-2 Total expenses$213,308
XI-3 Revenue less expenses$144,996
XI-4 Net assets at start of year$682,378
XI-10 Net assets at end of year$827,374

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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