Is New England Morgan Horse Association Inc Legit?
Quick charity verification for New England Morgan Horse Association Inc (EIN: 20272095)
Verdict: New England Morgan Horse Association Inc appears trustworthy
92/100Mission Score
$1.0MRevenue
$276KAssets
1Red Flags
5Strengths
Red Flags
Significant revenue dip in 2020 ($89,408) compared to surrounding years, though it has since recovered strongly.
Strengths
Consistent financial reporting over 14 periods, demonstrating high transparency.
0% officer compensation, indicating strong volunteer leadership and dedication to mission.
Consistent growth in assets over the past decade, from $94,593 in 2014 to $215,649 in 2023.
Expenses closely align with revenues, suggesting efficient use of funds for programs.
Low liabilities relative to assets, indicating strong financial health.
Spending Breakdown
How New England Morgan Horse Association Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 New England Morgan Horse Association Inc
Is New England Morgan Horse Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Morgan Horse Association Inc (EIN: 20272095) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is New England Morgan Horse Association Inc a good charity to donate to?
New England Morgan Horse Association Inc has a Mission Score of 92/100. Revenue: $1.0M. Assets: $276K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New England Morgan Horse Association Inc?
The Employer Identification Number (EIN) for New England Morgan Horse Association Inc is 20272095. 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 New England Morgan Horse Association Inc spend its money?
New England Morgan Horse Association Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New England Morgan Horse Association Inc's tax-exempt status?
You can verify New England Morgan Horse Association Inc's tax-exempt status using EIN 20272095 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 New England Morgan Horse Association Inc. demonstrates consistent financial activity, with revenues and expenses generally increasing over the past several years, indicating stable operations. For instance, in 2023, the organization reported revenues of $894,220 against expenses of $885,007, showing a slight surplus. The organization's assets have also shown a healthy growth trend, from $94,593 in 2014 to $215,649 in 2023, suggesting prudent financial management and accumulation of resources. Liabilities have remained relatively low compared to assets, further indicating financial stability.
Spending efficiency appears strong, as evidenced by the close alignment of expenses to revenues, with a consistent pattern of spending nearly all income on its operations. The organization reports 0% officer compensation across all available filings, which is a significant indicator of volunteer leadership and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances its financial health and public trust. The NTEE code B60 suggests a focus on animal welfare and equestrian activities, which aligns with the organization's name.
Transparency is high given the consistent filing of IRS Form 990s over 14 periods, providing a comprehensive financial history. The absence of officer compensation is a notable positive for transparency and public perception. Overall, the New England Morgan Horse Association Inc. appears to be a financially sound and efficiently run organization, with a clear dedication to its stated purpose.