Quick charity verification for Spirit Open Equestrian Program (EIN: 208492941)
Verdict: Spirit Open Equestrian Program appears trustworthy
92/100Mission Score
$372KRevenue
$865KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data makes precise efficiency analysis challenging.
Consistent 0% officer compensation for an organization with growing revenue and assets could indicate compensation is reported under other categories, or a highly volunteer-dependent leadership model which may have sustainability implications.
Strengths
Consistent revenue growth, from $291,302 in 2019 to $402,989 in 2023, indicates increasing support.
Significant asset growth, from $488,142 in 2019 to $849,233 in 2023, strengthens financial stability.
Zero reported officer compensation across all filings suggests a strong focus on directing funds to programmatic activities.
Positive net income in most recent years (e.g., $402,989 revenue vs. $308,307 expenses in 2023) contributes to asset accumulation.
Long history of IRS 990 filings (13 filings) demonstrates a commitment to transparency and compliance.
Spending Breakdown
How Spirit Open Equestrian Program 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 Spirit Open Equestrian Program
Is Spirit Open Equestrian Program a legitimate charity?
Based on AI analysis of IRS 990 filings, Spirit Open Equestrian Program (EIN: 208492941) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is Spirit Open Equestrian Program a good charity to donate to?
Spirit Open Equestrian Program has a Mission Score of 92/100. Revenue: $372K. Assets: $865K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Spirit Open Equestrian Program?
The Employer Identification Number (EIN) for Spirit Open Equestrian Program is 208492941. 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 Spirit Open Equestrian Program spend its money?
Spirit Open Equestrian Program allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Spirit Open Equestrian Program's tax-exempt status?
You can verify Spirit Open Equestrian Program's tax-exempt status using EIN 208492941 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
Spirit Open Equestrian Program demonstrates consistent financial growth and strong program focus. Over the past five years, the organization's revenue has steadily increased from $291,302 in 2019 to $402,989 in 2023, indicating growing support. Expenses have also risen, but at a slower rate, leading to positive net assets. For instance, in 2023, revenue was $402,989 against expenses of $308,307, resulting in a surplus. The organization's assets have shown significant growth, from $488,142 in 2019 to $849,233 in 2023, suggesting sound financial management and accumulation of resources.
The organization appears to prioritize its mission, as evidenced by the absence of officer compensation reported across all available filings, which is a strong indicator of efficient resource allocation towards programmatic activities rather than administrative overhead. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the lack of executive compensation suggests a high proportion of funds are likely directed to direct services. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to transparency.
Overall, Spirit Open Equestrian Program appears to be in good financial health, with a positive trend in revenue and assets, and a clear dedication to its mission through its compensation practices. The growth in assets also provides a solid financial foundation for future operations and expansion of its equestrian programs.