Is Shining Stars Therapeutic Riding Program Inc Legit?

Quick charity verification for Shining Stars Therapeutic Riding Program Inc (EIN: 113771828)

Verdict: Shining Stars Therapeutic Riding Program Inc appears trustworthy

92/100Mission Score
$976KRevenue
$2.5MAssets
0Red Flags
4Strengths

No red flags identified.

Strengths

AI Transparency Report

Shining Stars Therapeutic Riding Program Inc demonstrates strong financial health and a commendable commitment to its program services, as evidenced by its IRS 990 filings. The organization has shown significant growth in revenue and assets over the past few years, with total assets reaching $2,485,148. Its program spending appears to be a high priority, with a substantial portion of expenses directed towards its mission. For instance, in 2023, expenses were $408,071 against revenue of $642,300, indicating efficient use of funds. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a focus on directing resources to the mission rather than executive salaries. The organization's financial trajectory shows a remarkable increase in scale, particularly between 2021 and 2022, where revenue jumped from $261,703 to $1,327,173. While there was a decrease in revenue in 2023 to $642,300, the organization still managed its expenses effectively. The growth in assets from $119,615 in 2016 to over $2.4 million currently suggests sound financial management and investment in its long-term sustainability. The consistent lack of reported officer compensation further enhances its transparency profile, making it an organization that appears to prioritize its beneficiaries.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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