Quick charity verification for Horse Cave Development Corporation (EIN: 203758039)
Verdict: Horse Cave Development Corporation shows mixed signals
45/100Mission Score
$6KRevenue
$80KAssets
4Red Flags
2Strengths
Red Flags
Consistent operational deficits (expenses exceed revenue in all reported periods)
Declining asset base over the past decade (from $127,559 in 2012 to $79,602 in 2021)
Liabilities significantly exceed assets, indicating a negative net asset position ($151,859 liabilities vs. $79,602 assets in 2021)
Low and fluctuating revenue streams, making consistent program delivery challenging
Strengths
Zero reported officer compensation across all filings, indicating volunteer leadership or other non-salary compensation methods
Consistent filing history, demonstrating transparency in reporting to the IRS
Spending Breakdown
How Horse Cave Development Corporation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Cave Development Corporation
Is Horse Cave Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Horse Cave Development Corporation (EIN: 203758039) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Horse Cave Development Corporation a good charity to donate to?
Horse Cave Development Corporation has a Mission Score of 45/100. Revenue: $6K. Assets: $80K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horse Cave Development Corporation?
The Employer Identification Number (EIN) for Horse Cave Development Corporation is 203758039. 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 Cave Development Corporation spend its money?
Horse Cave Development Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horse Cave Development Corporation's tax-exempt status?
You can verify Horse Cave Development Corporation's tax-exempt status using EIN 203758039 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
The Horse Cave Development Corporation appears to be a small, community-focused organization with consistently low revenue and expenses over the past decade. In 2021, the organization reported $6,000 in revenue against $6,189 in expenses, indicating a slight operational deficit. This trend of expenses exceeding revenue has been consistent across all reported periods, suggesting a reliance on accumulated assets or external support to cover operational costs. The organization's assets have also shown a declining trend, from $127,559 in 2012 to $79,602 in 2021, while liabilities have generally increased, reaching $151,859 in 2021. This financial structure, where liabilities significantly outweigh assets, raises concerns about long-term solvency.
The organization demonstrates good transparency regarding executive compensation, reporting 0% officer compensation across all available filings. This indicates that the leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. However, the consistent operational deficits and the declining asset base coupled with rising liabilities suggest that the organization may be facing financial challenges in sustaining its operations and fulfilling its mission without a significant increase in funding or a reduction in expenses. The NTEE code S41 (Community Development Corporations) suggests a mission focused on local economic and social improvement, which typically requires more substantial financial resources than what is currently being generated.