Quick charity verification for Horses With Hearts Inc (EIN: 203584534)
Verdict: Horses With Hearts Inc appears trustworthy
92/100Mission Score
$375KRevenue
$1.4MAssets
1Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown in provided summary data, making it difficult to precisely assess program vs. administrative spending ratios without full 990 access.
Strengths
Consistent and significant growth in revenue and assets over a decade, indicating strong financial health.
Zero reported officer compensation across all filings, demonstrating highly efficient use of funds and volunteer leadership.
Expenses consistently well below revenue, allowing for substantial asset accumulation and financial stability.
Strong asset base ($1,356,267 latest) provides a solid foundation for long-term sustainability and program delivery.
Consistent IRS 990 filing history, indicating good transparency and compliance.
Spending Breakdown
How Horses With Hearts 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 Horses With Hearts Inc
Is Horses With Hearts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horses With Hearts Inc (EIN: 203584534) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Horses With Hearts Inc a good charity to donate to?
Horses With Hearts Inc has a Mission Score of 92/100. Revenue: $375K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Horses With Hearts Inc?
The Employer Identification Number (EIN) for Horses With Hearts Inc is 203584534. 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 Horses With Hearts Inc spend its money?
Horses With Hearts Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Horses With Hearts Inc's tax-exempt status?
You can verify Horses With Hearts Inc's tax-exempt status using EIN 203584534 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
Horses With Hearts Inc demonstrates strong financial health and a consistent commitment to its mission. Over the past decade, the organization has shown remarkable growth in both revenue and assets, with revenue increasing from $98,558 in 2014 to $298,007 in 2023, and assets growing from $63,334 to $1,196,463 in the same period. This sustained growth indicates effective fundraising and asset management. The organization consistently spends significantly less than its revenue, allowing for substantial asset accumulation, which provides a strong financial foundation for future programs.
The organization's spending efficiency appears high, as evidenced by its low expense ratios relative to revenue. For instance, in 2023, expenses were $183,229 against revenues of $298,007, suggesting a significant portion of funds are retained or directly applied to program services. The absence of reported officer compensation across all filings is a strong indicator of efficient use of funds and a volunteer-driven leadership model, which enhances donor confidence. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall financial picture suggests a lean operational structure.
Transparency is generally good, with a consistent history of filing IRS Form 990s. The consistent reporting of zero officer compensation is a key transparency point. To further enhance transparency, a more detailed breakdown of functional expenses (program, administrative, fundraising) would be beneficial for donors to fully understand how their contributions are allocated. However, the overall trend of increasing assets and controlled expenses points to a well-managed and financially responsible organization.