Is Gaitway Therapeutic Horsemanship Legit?

Quick charity verification for Gaitway Therapeutic Horsemanship (EIN: 203367886)

Verdict: Gaitway Therapeutic Horsemanship appears trustworthy

75/100Mission Score
$587KRevenue
$276KAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Gaitway Therapeutic Horsemanship demonstrates a fluctuating financial performance over the past decade, with recent years showing higher revenue but also increased expenses. In 2022, the organization reported $327,062 in revenue against $398,303 in expenses, resulting in a deficit. This trend of expenses exceeding revenue was also observed in 2020 and 2019. However, 2021 and 2018 showed surpluses, indicating an inconsistent financial stability. The organization's assets have grown significantly, from $77,140 in 2014 to $332,206 in 2022, which is a positive indicator of long-term capacity. Liabilities also saw a substantial increase in 2022 to $247,957, which warrants closer examination to understand its nature and impact on financial health. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, enhancing transparency and donor confidence in this area.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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