American Morgan Horse Association Inc
American Morgan Horse Association consistently grows revenue and assets with 0% reported officer compensation.
EIN: 135540007 · Lexington, KY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.9M |
| Transparency Score | 90/100 |
Is American Morgan Horse Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Morgan Horse Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Morgan Horse Association Inc
American Morgan Horse Association Inc (EIN: 135540007) is a nonprofit organization based in Lexington, KY. The organization reported total revenue of $2.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Morgan Horse Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
American Morgan Horse Association Inc is a mid-size nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$51K |
| Total Assets | $2.3M |
| Total Liabilities | $430K |
| Net Assets | $1.9M |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, American Morgan Horse Association Inc reported a surplus of $51K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), American Morgan Horse Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +8.1% | +7.5% |
| 2022 | +14.4% | +9.3% | +5.9% |
| 2021 | +9.6% | +17.4% | +18.1% |
| 2020 | +5.2% | -10.6% | +11.8% |
| 2019 | +3.2% | +8.7% | +10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Morgan Horse Association Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, American Morgan Horse Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that executive compensation is categorized differently, which is a strong indicator of efficient resource allocation for an organization of its size with over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for American Morgan Horse Association Inc:
- Consistent revenue growth over a decade, from $1.7M in 2014 to $2.2M in 2023.
- Strong asset growth, increasing from $1.3M in 2014 to $2.3M in 2023.
- Consistently reports 0% officer compensation, indicating highly efficient use of funds.
- Maintains a healthy surplus, with revenue exceeding expenses in most years (e.g., $2.2M revenue vs. $2.1M expenses in 2023).
- Low liabilities relative to assets, indicating good financial management (e.g., $430K liabilities vs. $2.3M assets in 2023).
Frequently Asked Questions about American Morgan Horse Association Inc
Is American Morgan Horse Association Inc a legitimate charity?
American Morgan Horse Association Inc (EIN: 135540007) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does American Morgan Horse Association Inc spend its money?
American Morgan Horse Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to American Morgan Horse Association Inc tax-deductible?
American Morgan Horse Association Inc is registered as a tax-exempt nonprofit (EIN: 135540007). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the American Morgan Horse Association Inc CEO make?
American Morgan Horse Association Inc's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of American Morgan Horse Association Inc's spending goes to programs?
American Morgan Horse Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is American Morgan Horse Association Inc located?
American Morgan Horse Association Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 135540007.
How many years of IRS 990 filings does American Morgan Horse Association Inc have?
American Morgan Horse Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
Is American Morgan Horse Association Inc. financially stable?
Yes, the organization shows strong financial stability with consistent revenue growth from $1.7M in 2014 to $2.2M in 2023, and a healthy asset base of $2.3M in 2023, consistently exceeding liabilities.
How does American Morgan Horse Association Inc. manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient.
Has the organization's revenue been growing?
Yes, the organization has shown consistent revenue growth, increasing from $1,775,574 in 2014 to $2,231,662 in 2023.
Filing History
IRS 990 filing history for American Morgan Horse Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), American Morgan Horse Association Inc's revenue has grown by 34%, moving from $1.7M to $2.2M. Total assets increased by 164.7% over the same period, from $886K to $2.3M. Total functional expenses rose by 34.3%, from $1.6M to $2.2M. In its most recent filing year (2023), American Morgan Horse Association Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $430K in liabilities against $2.3M in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $2.3M | $430K | — | View 990 |
| 2022 | $2.3M | $2.0M | $2.2M | $384K | — | View 990 |
| 2021 | $2.0M | $1.8M | $2.1M | $385K | — | View 990 |
| 2020 | $1.8M | $1.6M | $1.7M | $285K | — | — |
| 2019 | $1.7M | $1.8M | $1.6M | $363K | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.4M | $288K | — | View 990 |
| 2017 | $1.6M | $1.6M | $1.4M | $277K | — | View 990 |
| 2016 | $1.6M | $1.5M | $1.3M | $243K | — | View 990 |
| 2015 | $1.5M | $1.6M | $1.3M | $254K | — | View 990 |
| 2014 | $1.8M | $1.8M | $1.4M | $261K | — | View 990 |
| 2013 | $1.6M | $1.6M | $902K | $276K | — | View 990 |
| 2012 | $1.8M | $1.7M | $972K | $327K | — | View 990 |
| 2011 | $1.7M | $1.6M | $886K | $313K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $2.3M (revenue -1.2% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.0M, and assets of $2.2M (revenue +14.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.8M, and assets of $2.1M (revenue +9.6% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $1.7M (revenue +5.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.8M, and assets of $1.6M (revenue +3.2% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.4M (revenue +1.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $1.4M (revenue +4.8% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $1.3M (revenue +2.5% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $1.3M (revenue -14.7% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $1.4M (revenue +7.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $902K (revenue -6.5% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $972K (revenue +5.7% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $886K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for American Morgan Horse Association Inc:
Data Sources and Methodology
This transparency report for American Morgan Horse Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.