Bluegrass Miniature Horseassociation Inc
Bluegrass Miniature Horseassociation Inc maintains stable finances with consistent surpluses and no executive compensation.
EIN: 205469785 · Harrodsburg, KY · NTEE: D03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $51K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $50,000 |
| Net Assets | $50K |
| Transparency Score | 90/100 |
Is Bluegrass Miniature Horseassociation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bluegrass Miniature Horseassociation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bluegrass Miniature Horseassociation Inc
Bluegrass Miniature Horseassociation Inc (EIN: 205469785) is a nonprofit organization based in Harrodsburg, KY, classified under NTEE code D03. The organization reported total revenue of $53K and total assets of $49K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bluegrass Miniature Horseassociation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bluegrass Miniature Horseassociation Inc is a micro nonprofit that has been operating for 17 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $51K |
| Surplus / Deficit | +$2K |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | 3.1% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Bluegrass Miniature Horseassociation Inc reported a surplus of $2K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2011–2023), Bluegrass Miniature Horseassociation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +15.9% | +3.4% |
| 2022 | -4.1% | -2.1% | +27.2% |
| 2021 | +34.9% | +25.4% | +14.5% |
| 2016 | +42.1% | +14.9% | +22.8% |
| 2015 | -16.9% | +2.9% | -5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Bluegrass Miniature Horseassociation 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, Bluegrass Miniature Horseassociation 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 $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all nine available filings, indicating a volunteer-led organization, which is highly efficient for an organization of its size with revenues around $50,000 annually.
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 Bluegrass Miniature Horseassociation Inc:
- Consistent financial surpluses, such as $1,638 in 2023 ($52,957 revenue - $51,319 expenses).
- Zero liabilities reported across all nine filings, indicating strong financial solvency.
- Steady growth in assets from $18,619 in 2011 to $49,894 in 2023.
- 0% officer compensation reported in all available filings, demonstrating efficient use of funds.
- Consistent IRS 990 filing history over nine periods, indicating strong transparency.
Frequently Asked Questions about Bluegrass Miniature Horseassociation Inc
Is Bluegrass Miniature Horseassociation Inc a legitimate charity?
Bluegrass Miniature Horseassociation Inc (EIN: 205469785) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 90/100. It has 9 years of IRS 990 filings on record. Total revenue: $53K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bluegrass Miniature Horseassociation Inc spend its money?
Bluegrass Miniature Horseassociation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bluegrass Miniature Horseassociation Inc tax-deductible?
Bluegrass Miniature Horseassociation Inc is registered as a tax-exempt nonprofit (EIN: 205469785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bluegrass Miniature Horseassociation Inc CEO make?
Bluegrass Miniature Horseassociation Inc's highest-compensated officer earns $50,000 annually. The organization reported $53K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bluegrass Miniature Horseassociation Inc's spending goes to programs?
Bluegrass Miniature Horseassociation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bluegrass Miniature Horseassociation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Bluegrass Miniature Horseassociation Inc is above average for NTEE category D03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bluegrass Miniature Horseassociation Inc located?
Bluegrass Miniature Horseassociation Inc is headquartered in Harrodsburg, Kentucky and files with the IRS under EIN 205469785. It is classified under NTEE code D03.
How many years of IRS 990 filings does Bluegrass Miniature Horseassociation Inc have?
Bluegrass Miniature Horseassociation Inc has 9 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 $53K in total revenue.
Is Bluegrass Miniature Horseassociation Inc a good charity?
Based on the available financial data, Bluegrass Miniature Horseassociation Inc appears to be a well-managed and financially sound organization. It consistently operates with surpluses, has growing assets, zero liabilities, and reports no executive compensation, all of which are strong indicators of a good charity.
How has the organization's financial health changed over time?
The organization has shown consistent financial health, with revenues generally in the $30,000-$50,000 range and assets steadily growing from $18,619 in 2011 to $49,894 in 2023. It has maintained zero liabilities throughout this period, indicating strong financial stability and growth.
What is the organization's approach to executive compensation?
Bluegrass Miniature Horseassociation Inc consistently reports 0% officer compensation, suggesting that its leadership is entirely volunteer-based. This is a significant strength, as it means all revenue can be directed towards its mission and operational costs.
Filing History
IRS 990 filing history for Bluegrass Miniature Horseassociation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Bluegrass Miniature Horseassociation Inc's revenue has grown by 44.8%, moving from $37K to $53K. Total assets increased by 168% over the same period, from $19K to $50K. Total functional expenses rose by 39.9%, from $37K to $51K. In its most recent filing year (2023), Bluegrass Miniature Horseassociation Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $51K | $50K | $0 | — | — |
| 2022 | $55K | $44K | $48K | $0 | — | — |
| 2021 | $57K | $45K | $38K | $0 | — | — |
| 2016 | $42K | $36K | $33K | $0 | — | View 990 |
| 2015 | $30K | $31K | $27K | $0 | — | View 990 |
| 2014 | $36K | $30K | $29K | $0 | — | View 990 |
| 2013 | $59K | $53K | $26K | $0 | — | View 990 |
| 2012 | $32K | $33K | $18K | $0 | — | View 990 |
| 2011 | $37K | $37K | $19K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $51K, and assets of $50K (revenue -3.0% year-over-year).
- 2022: Revenue of $55K, expenses of $44K, and assets of $48K (revenue -4.1% year-over-year).
- 2021: Revenue of $57K, expenses of $45K, and assets of $38K (revenue +34.9% year-over-year).
- 2016: Revenue of $42K, expenses of $36K, and assets of $33K (revenue +42.1% year-over-year).
- 2015: Revenue of $30K, expenses of $31K, and assets of $27K (revenue -16.9% year-over-year).
- 2014: Revenue of $36K, expenses of $30K, and assets of $29K (revenue -39.2% year-over-year).
- 2013: Revenue of $59K, expenses of $53K, and assets of $26K (revenue +82.4% year-over-year).
- 2012: Revenue of $32K, expenses of $33K, and assets of $18K (revenue -11.9% year-over-year).
- 2011: Revenue of $37K, expenses of $37K, and assets of $19K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bluegrass Miniature Horseassociation Inc:
Data Sources and Methodology
This transparency report for Bluegrass Miniature Horseassociation 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.