Is Montana Horse Sanctuary Legit?

Montana Horse Sanctuary demonstrates a consistent commitment to its mission, as evidenced by its program spending. However, the organization has experienced significant fluctuations in revenue and assets over the past few years. For instance, revenue in 202012 was a negative $412,564, a stark contrast to the positive revenues in other periods, which warrants further investigation into the nature of this negative figure. While the organization has maintained zero officer compensation, indicating a volunteer-driven leadership, its asset base has declined substantially from over $1 million in 2019 to $285,883 in 2023. This decline, coupled with periods where expenses exceeded revenue (e.g., 202212 and 202112), suggests potential financial instability or a reliance on drawing down reserves. The consistent filing of IRS 990 forms indicates good transparency in reporting.