Is Northeast Florida Equestrian Society H O R S E Therapies Inc Legit?
Quick charity verification for Northeast Florida Equestrian Society H O R S E Therapies Inc (EIN: 10636438)
Verdict: Northeast Florida Equestrian Society H O R S E Therapies Inc appears trustworthy
95/100Mission Score
$2.0MRevenue
$111KAssets
1Red Flags
5Strengths
Red Flags
Assets are relatively low compared to annual revenue (e.g., $193,709 in assets vs. $1,450,495 revenue in 2023), which could indicate limited financial reserves for unexpected events, though it also suggests funds are quickly deployed to programs.
Strengths
Consistent 0% officer compensation across all nine filings, demonstrating exceptional commitment to mission-focused spending.
Strong and consistent revenue generation, with recent years exceeding $1 million, indicating robust donor support.
History of consistent IRS 990 filings, reflecting strong transparency and accountability.
Expenses closely align with revenue, suggesting efficient deployment of funds towards programs.
Significant growth in revenue over the past decade, from $233,285 in 2014 to $1,450,495 in 2023.
Spending Breakdown
How Northeast Florida Equestrian Society H O R S E Therapies 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 Northeast Florida Equestrian Society H O R S E Therapies Inc
Is Northeast Florida Equestrian Society H O R S E Therapies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Northeast Florida Equestrian Society H O R S E Therapies Inc (EIN: 10636438) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Northeast Florida Equestrian Society H O R S E Therapies Inc a good charity to donate to?
Northeast Florida Equestrian Society H O R S E Therapies Inc has a Mission Score of 95/100. Revenue: $2.0M. Assets: $111K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northeast Florida Equestrian Society H O R S E Therapies Inc?
The Employer Identification Number (EIN) for Northeast Florida Equestrian Society H O R S E Therapies Inc is 10636438. 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 Northeast Florida Equestrian Society H O R S E Therapies Inc spend its money?
Northeast Florida Equestrian Society H O R S E Therapies Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northeast Florida Equestrian Society H O R S E Therapies Inc's tax-exempt status?
You can verify Northeast Florida Equestrian Society H O R S E Therapies Inc's tax-exempt status using EIN 10636438 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
Northeast Florida Equestrian Society H O R S E Therapies Inc demonstrates a generally stable financial history with consistent revenue generation over the past several years, peaking at $1,450,495 in 2023. The organization has shown a pattern of expenses closely tracking revenue, indicating a lean operational model. While assets have fluctuated, they remain relatively modest compared to annual revenue, suggesting a focus on immediate program delivery rather than significant asset accumulation. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards its mission.
The organization's spending efficiency appears high, particularly given the absence of reported officer compensation. This suggests that a substantial portion of its $1,573,907 in 2023 expenses is likely directed towards program services. The close alignment of expenses with revenue, sometimes exceeding it slightly as seen in 2023, indicates that the organization is actively deploying its resources to meet its mission rather than building large reserves. The consistent filing of IRS Form 990s over nine periods further enhances its transparency profile, providing a clear historical record of its financial activities.
Overall, Northeast Florida Equestrian Society H O R S E Therapies Inc presents as a financially responsible and transparent organization. Its consistent operational approach, coupled with no reported executive compensation, suggests a strong dedication to its therapeutic equestrian mission. While asset levels are not high, the consistent revenue and expense patterns indicate a sustainable operational model focused on program delivery.