Quick charity verification for Gypsy Horse Registry Of America Inc (EIN: 161672500)
Verdict: Gypsy Horse Registry Of America Inc appears trustworthy
75/100Mission Score
$151KRevenue
$48KAssets
2Red Flags
3Strengths
Red Flags
Expenses significantly exceeded revenue in 2023 ($139,086 vs. $92,462) and 2022 ($72,698 vs. $61,047), indicating deficit spending.
Assets have decreased from a high of $105,947 in 2021 to $48,455 in 2023, suggesting a decline in financial reserves.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Regular and consistent filing of IRS Form 990s, demonstrating transparency.
Revenue has shown an overall upward trend over the past decade, from $37,409 in 2014 to $92,462 in 2023.
Spending Breakdown
How Gypsy Horse Registry Of America Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Gypsy Horse Registry Of America Inc
Is Gypsy Horse Registry Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gypsy Horse Registry Of America Inc (EIN: 161672500) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Gypsy Horse Registry Of America Inc a good charity to donate to?
Gypsy Horse Registry Of America Inc has a Mission Score of 75/100. Revenue: $151K. Assets: $48K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Gypsy Horse Registry Of America Inc?
The Employer Identification Number (EIN) for Gypsy Horse Registry Of America Inc is 161672500. 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 Gypsy Horse Registry Of America Inc spend its money?
Gypsy Horse Registry Of America Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Gypsy Horse Registry Of America Inc's tax-exempt status?
You can verify Gypsy Horse Registry Of America Inc's tax-exempt status using EIN 161672500 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
Gypsy Horse Registry Of America Inc demonstrates a fluctuating financial picture over the past decade. While revenue has generally trended upwards, reaching $92,462 in 2023, expenses have also seen significant increases, exceeding revenue in several recent years, such as 2023 ($139,086 in expenses vs. $92,462 in revenue) and 2022 ($72,698 in expenses vs. $61,047 in revenue). This indicates periods of deficit spending, which could impact long-term sustainability if not managed effectively. The organization's assets have also shown volatility, peaking at $105,947 in 2021 before declining to $48,455 in 2023.
The organization appears to maintain good financial transparency, consistently filing its IRS Form 990s. A notable strength is the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor confidence. However, without a detailed breakdown of expenses beyond total figures, it's challenging to fully assess spending efficiency across programs, administration, and fundraising.
Overall, while the organization has shown growth in revenue, the recent trend of expenses outpacing revenue warrants closer examination. Its commitment to transparency through regular filings and the absence of reported officer compensation are commendable. Further analysis of detailed expense categories would provide a more complete understanding of its operational efficiency and program focus.