Quick charity verification for Pal O Mine Equestrian Inc (EIN: 113302338)
Verdict: Pal O Mine Equestrian Inc appears trustworthy
85/100Mission Score
$2.0MRevenue
$4.3MAssets
1Red Flags
5Strengths
Red Flags
Increasing liabilities warrant further investigation into their nature and management.
Strengths
Consistent and strong revenue growth, from $978,923 in 2014 to $2,400,820 in 2023.
Significant asset accumulation, reaching $4,670,505 in 2023.
0% reported officer compensation across all filings, indicating high efficiency and transparency.
Expenses consistently lower than revenue in most recent years, particularly in 2023 ($1,558,582 expenses vs. $2,400,820 revenue).
Healthy financial position with assets significantly exceeding liabilities.
Spending Breakdown
How Pal O Mine Equestrian Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Pal O Mine Equestrian Inc
Is Pal O Mine Equestrian Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pal O Mine Equestrian Inc (EIN: 113302338) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Pal O Mine Equestrian Inc a good charity to donate to?
Pal O Mine Equestrian Inc has a Mission Score of 85/100. Revenue: $2.0M. Assets: $4.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Pal O Mine Equestrian Inc?
The Employer Identification Number (EIN) for Pal O Mine Equestrian Inc is 113302338. 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 Pal O Mine Equestrian Inc spend its money?
Pal O Mine Equestrian Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Pal O Mine Equestrian Inc's tax-exempt status?
You can verify Pal O Mine Equestrian Inc's tax-exempt status using EIN 113302338 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
Pal O Mine Equestrian Inc demonstrates a generally healthy financial trajectory, with consistent revenue growth over the past decade, culminating in $2,400,820 in revenue for the 2023 period. The organization has also shown strong asset growth, reaching $4,670,505 in 2023, indicating a solid financial foundation. Their spending efficiency appears robust, with expenses consistently lower than revenue in most recent years, particularly in 2023 where expenses were $1,558,582 against $2,400,820 in revenue, suggesting effective management of resources.
The organization's transparency is commendable regarding executive compensation, as reported officer compensation has been 0% across all available filings. This indicates that the highest-ranking individuals are either volunteers or compensated through other means not classified as officer compensation, which is a positive sign for donor trust. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health and lack of reported officer compensation suggest a well-managed and transparent operation.
However, it's worth noting the increase in liabilities, reaching $2,252,205 in 2023. While assets have grown significantly, the proportion of liabilities to assets warrants closer examination to ensure long-term financial stability, although the current asset-to-liability ratio remains healthy. Overall, Pal O Mine Equestrian Inc appears to be a financially sound and transparent organization based on the provided IRS 990 data.