Is United States Icelandic Horse Congress Inc Legit?
Quick charity verification for United States Icelandic Horse Congress Inc (EIN: 200383373)
Verdict: United States Icelandic Horse Congress Inc appears trustworthy
90/100Mission Score
$96KRevenue
$210KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Strong revenue growth, increasing from $56,652 in 2020 to $144,831 in 2023.
Consistent asset accumulation, reaching $208,164 in 2023.
0% officer compensation across all reported periods, indicating volunteer-driven leadership and efficient use of funds.
No liabilities reported in the latest 2023 filing, demonstrating a very healthy financial position.
Consistent filing of IRS 990s over 13 periods, indicating strong transparency.
Spending Breakdown
How United States Icelandic Horse Congress Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 United States Icelandic Horse Congress Inc
Is United States Icelandic Horse Congress Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United States Icelandic Horse Congress Inc (EIN: 200383373) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is United States Icelandic Horse Congress Inc a good charity to donate to?
United States Icelandic Horse Congress Inc has a Mission Score of 90/100. Revenue: $96K. Assets: $210K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United States Icelandic Horse Congress Inc?
The Employer Identification Number (EIN) for United States Icelandic Horse Congress Inc is 200383373. 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 United States Icelandic Horse Congress Inc spend its money?
United States Icelandic Horse Congress Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United States Icelandic Horse Congress Inc's tax-exempt status?
You can verify United States Icelandic Horse Congress Inc's tax-exempt status using EIN 200383373 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 United States Icelandic Horse Congress Inc. demonstrates a generally healthy financial trajectory, with a notable increase in revenue and assets over the past few years. In 2023, the organization reported revenue of $144,831 against expenses of $83,176, resulting in a significant surplus that contributed to its growing asset base of $208,164. This trend of revenue growth, particularly from 2020's $56,652 to 2023's $144,831, indicates increasing support and financial stability. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer-driven leadership and efficient use of funds, as resources are not diverted to executive salaries.
Spending efficiency appears strong, with expenses consistently lower than revenue in recent years, allowing for asset accumulation. The absence of liabilities in the 2023 filing further strengthens its financial position. While specific program spending ratios are not detailed in the provided data, the overall financial health and lack of executive compensation suggest a focus on its mission. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to transparency.
Overall, the organization exhibits sound financial management, a growing resource base, and a clear commitment to its mission through volunteer leadership. The increasing revenue and assets, coupled with minimal liabilities and no officer compensation, paint a picture of a well-managed and financially prudent nonprofit.