Quick charity verification for New England Paint Horse Club Inc (EIN: 20427050)
Verdict: New England Paint Horse Club Inc appears trustworthy
85/100Mission Score
$122KRevenue
$47KAssets
1Red Flags
4Strengths
Red Flags
Occasional operating deficits (e.g., 2023: $85,458 revenue vs. $90,940 expenses; 2022: $87,817 revenue vs. $94,923 expenses), indicating expenses sometimes exceed revenue.
Strengths
Consistent reporting of $0 liabilities across all filings, indicating strong financial health and no debt.
0% officer compensation reported in all filings, suggesting a volunteer-led organization and efficient use of funds.
Positive trend in asset growth, from $3,978 in 2015 to $30,767 in 2023, building organizational reserves.
Stable revenue and expense levels over recent years, indicating consistent operational activity.
Spending Breakdown
How New England Paint Horse Club Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Paint Horse Club Inc
Is New England Paint Horse Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Paint Horse Club Inc (EIN: 20427050) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is New England Paint Horse Club Inc a good charity to donate to?
New England Paint Horse Club Inc has a Mission Score of 85/100. Revenue: $122K. Assets: $47K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New England Paint Horse Club Inc?
The Employer Identification Number (EIN) for New England Paint Horse Club Inc is 20427050. 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 Paint Horse Club Inc spend its money?
New England Paint Horse Club Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New England Paint Horse Club Inc's tax-exempt status?
You can verify New England Paint Horse Club Inc's tax-exempt status using EIN 20427050 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 Paint Horse Club Inc. demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past several years. For example, in 2023, the organization reported $85,458 in revenue against $90,940 in expenses, indicating a slight operating deficit. This trend of expenses sometimes exceeding revenue is also seen in 2022 ($87,817 revenue vs. $94,923 expenses) and 2019 ($17,750 revenue vs. $66,766 expenses), suggesting a need for careful financial management to maintain long-term stability. However, the organization consistently reports $0 in liabilities across all available filings, which is a strong indicator of financial health and responsible debt management.
The organization's assets have shown growth over time, increasing from $3,978 in 2015 to $30,767 in 2023, demonstrating an ability to build reserves. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership model, which can contribute to lower administrative costs and a higher proportion of funds directed towards programs. While specific program spending details are not provided in the summary data, the absence of liabilities and executive compensation are positive signs for financial transparency and efficiency.