Quick charity verification for Free Rein Therapeutic Riding (EIN: 208377385)
Verdict: Free Rein Therapeutic Riding appears trustworthy
90/100Mission Score
$405KRevenue
$194KAssets
1Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in the 202312 period, leading to a deficit of $73,463.
Strengths
Consistent revenue growth over the past decade, from $185,974 in 2014 to $405,158 (latest).
Significant asset growth, from $34,318 in 2014 to $282,343 in 2023, indicating financial stability.
0% officer compensation reported across all filings, demonstrating strong commitment to mission spending.
Low liabilities relative to assets, suggesting good financial management and solvency.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Spending Breakdown
How Free Rein Therapeutic Riding allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Free Rein Therapeutic Riding
Is Free Rein Therapeutic Riding a legitimate charity?
Based on AI analysis of IRS 990 filings, Free Rein Therapeutic Riding (EIN: 208377385) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Free Rein Therapeutic Riding a good charity to donate to?
Free Rein Therapeutic Riding has a Mission Score of 90/100. Revenue: $405K. Assets: $194K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Free Rein Therapeutic Riding?
The Employer Identification Number (EIN) for Free Rein Therapeutic Riding is 208377385. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Free Rein Therapeutic Riding spend its money?
Free Rein Therapeutic Riding allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Free Rein Therapeutic Riding's tax-exempt status?
You can verify Free Rein Therapeutic Riding's tax-exempt status using EIN 208377385 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Free Rein Therapeutic Riding demonstrates a generally positive financial trajectory, with consistent revenue growth over the past several years, culminating in a latest reported revenue of $405,158. While the organization experienced a deficit in the 202312 period, with expenses of $419,018 exceeding revenue of $345,555, this appears to be an anomaly in an otherwise fiscally responsible history. The organization's assets have shown significant growth, from $34,318 in 2014 to $282,343 in 2023, indicating a building of financial reserves. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.
The organization's spending efficiency is commendable, particularly given the absence of officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health appears stable, with liabilities remaining relatively low compared to assets. The growth in assets and revenue over the decade reflects increasing capacity and impact. The deficit in the most recent period warrants closer examination but does not overshadow the long-term positive trends.
Free Rein Therapeutic Riding exhibits a high degree of transparency by consistently filing its IRS 990 forms and reporting no officer compensation. This commitment to financial disclosure and efficient use of funds, as evidenced by the historical data, positions it as a well-managed nonprofit. The organization's ability to grow its financial base while maintaining low liabilities speaks to prudent financial management.