Is Horse Angels Inc Legit?

Spending Breakdown

How Horse Angels 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

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 Horse Angels Inc

Is Horse Angels Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Horse Angels Inc (EIN: 141927122) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.

Is Horse Angels Inc a good charity to donate to?

Horse Angels Inc has a Mission Score of 75/100. Revenue: $90K. Assets: $367K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Horse Angels Inc?

The Employer Identification Number (EIN) for Horse Angels Inc is 141927122. 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 Horse Angels Inc spend its money?

Horse Angels Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Horse Angels Inc's tax-exempt status?

You can verify Horse Angels Inc's tax-exempt status using EIN 141927122 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

Horse Angels Inc demonstrates consistent, albeit modest, financial activity, with revenues hovering around $90,000-$100,000 in recent years. The organization maintains a stable asset base, consistently around $360,000-$370,000, which is significantly higher than its annual revenue, suggesting a solid foundation. However, a substantial portion of these assets are offset by liabilities, which have consistently been in the $250,000-$270,000 range. This indicates a significant reliance on debt or restricted funds, which warrants further investigation into the nature of these liabilities.

The organization's spending efficiency appears reasonable, with expenses generally tracking closely to revenue, indicating that most incoming funds are utilized for operations. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of volunteer leadership, which can contribute to lower administrative costs and higher program efficiency. However, without a detailed breakdown of expenses (program, administrative, fundraising) within the provided data, a precise assessment of spending efficiency is limited. The consistent filing of IRS Form 990s over seven periods demonstrates a commitment to transparency in financial reporting.

Overall, Horse Angels Inc appears to be a stable, volunteer-led organization with a consistent financial footprint. The high liabilities relative to assets and revenue are a notable point for deeper analysis, but the lack of officer compensation and consistent filing history are positive indicators. Further detail on expense allocation would provide a more complete picture of their operational efficiency.

Verdict: Horse Angels Inc appears trustworthy

Red Flags

Strengths