Hearts & Horses Inc is a 501(c)(3) organization based in Loveland, Colorado, registered in 1997, with $2,601,079 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$2.6M
▲ 6.6% vs prior year
Health median: $840K
Expenses (FY2024)
$2.7M
Net assets
$5.3M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hearts & Horses Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hearts & Horses Inc: 24 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hearts & Horses Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hearts & Horses Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.1M (FY2013) to $2.6M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-2.6%
Spent more than it raised in the latest fiscal year.
Total assets
$5.5M
Total liabilities
$191K
Net assets
$5.3M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,601,079▲6.6% | $2,669,229▲6.3% | $5,293,739▼1.5% | $5,484,443▼0.9% | 990 |
| 2023 | $2,439,767▲6.9% | $2,509,972▲17.1% | $5,375,815▼1.2% | $5,531,681▼1.8% | 990 |
| 2022 | $2,282,264▲7.3% | $2,144,202▲26.2% | $5,441,337▲3.0% | $5,635,647▲4.8% | 990 |
| 2021 | $2,127,938▲27.3% | $1,699,067▲33.7% | $5,284,901▲8.0% | $5,378,414▲7.3% | 990 |
| 2020 | $1,672,014▲16.2% | $1,271,208▼2.9% | $4,895,446▲9.8% | $5,014,435▲8.2% | 990 |
| 2019 | $1,439,071▼35.9% | $1,309,686▲1.0% | $4,460,036▲2.8% | $4,633,475▼0.1% | 990 |
| 2018 | $2,245,732▲8.9% | $1,296,427▲6.9% | $4,336,670▲26.0% | $4,640,307▲33.6% | 990 |
| 2017 | $2,062,571▲75.3% | $1,213,236▲11.1% | $3,441,472▲33.0% | $3,472,983▲33.9% | 990 |
| 2016 | $1,176,498▲3.8% | $1,091,898▲35.2% | $2,588,135▲3.6% | $2,594,671▲2.9% | 990 |
| 2015 | $1,133,658▲30.3% | $807,585▲21.5% | $2,498,730▲24.4% | $2,522,347▲21.7% | 990 |
| 2014 | $869,945▼17.5% | $664,949▲21.7% | $2,008,498▲46.2% | $2,072,745▲45.0% | 990 |
| 2013 | $1,054,063 | $546,205 | $1,374,126 | $1,429,569 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
37 grants to Hearts & Horses Inc totaling $717K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Colorado Gives Foundation | General purpose | 2024 | $29,232 |
| American Endowment Foundation | Health, general | 2024 | $20,250 |
| American Online Giving Foundation Inc | General support | 2024 | $13,108 |
| Denver Foundation | Human services n.e.c. | 2024 | $10,000 |
| Colorado Gives Foundation | General purpose | 2023 | $38,714 |
| Donor Advised Charitable Giving | Health | 2023 | $25,350 |
| Silicon Valley Community Foundation | Health | 2023 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $11,350 |
| American Online Giving Foundation Inc | General support | 2023 | $9,177 |
| Colorado Gives Foundation | General purpose | 2022 | $27,908 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2022 | $11,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $10,300 |
| Colorado Gives Foundation | General purpose | 2021 | $31,572 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $9,100 |
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Data for Hearts & Horses Inc (EIN 84-1387873) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.