Expenses exceeded revenue in the latest filing period (202312), with $144,339 in expenses against $134,893 in revenue.
Net assets declined by approximately 31% from $31,597 in 202212 to $21,709 in 202312.
Recurring instances of expenses exceeding revenue in multiple past periods (e.g., 202312, 202112, 201912, 201612, 201412).
Strengths
Consistent revenue generation, averaging over $100,000 in recent years.
0% officer compensation reported across all filings, demonstrating strong commitment to mission-focused spending.
Long filing history (13 filings) indicates sustained operation and compliance.
Spending Breakdown
How Helping Hands Healing Hooves Inc 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 Helping Hands Healing Hooves Inc
Is Helping Hands Healing Hooves Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Helping Hands Healing Hooves Inc (EIN: 203810324) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Helping Hands Healing Hooves Inc a good charity to donate to?
Helping Hands Healing Hooves Inc has a Mission Score of 75/100. Revenue: $117K. Assets: $10K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Helping Hands Healing Hooves Inc?
The Employer Identification Number (EIN) for Helping Hands Healing Hooves Inc is 203810324. 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 Helping Hands Healing Hooves Inc spend its money?
Helping Hands Healing Hooves Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Helping Hands Healing Hooves Inc's tax-exempt status?
You can verify Helping Hands Healing Hooves Inc's tax-exempt status using EIN 203810324 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
Helping Hands Healing Hooves Inc demonstrates consistent revenue generation, averaging over $100,000 annually in recent years, with the latest reported revenue at $134,893 for the 202312 period. The organization's financial health shows some fluctuation in net assets, with a notable decrease from $31,597 in 202212 to $21,709 in 202312, and a negative net income in the latest period where expenses ($144,339) exceeded revenue ($134,893). This trend of expenses occasionally exceeding revenue has been observed in several past periods, such as 201912 and 202112, indicating a need for careful financial management to maintain long-term sustainability.
Spending efficiency appears to be strong in terms of program focus, as the organization reports 0% officer compensation across all filings, suggesting that resources are directed towards its mission rather than executive salaries. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The organization's transparency is commendable regarding executive compensation, but a more granular expense breakdown would enhance understanding of how funds are allocated.
Overall, while the organization maintains a stable revenue base and demonstrates a commitment to its mission by not paying officer compensation, the recurring instances of expenses exceeding revenue and the recent decline in net assets warrant attention. A focus on building reserves and ensuring consistent positive net income would strengthen its financial position and long-term impact.