Corolla Wild Horse Fund Inc
EIN: 311810713 · Corolla, NC · NTEE: D20
Is Corolla Wild Horse Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corolla Wild Horse Fund Inc
Corolla Wild Horse Fund Inc (EIN: 311810713) is a nonprofit organization based in Corolla, NC, classified under NTEE code D20. The organization reported total revenue of $1.2M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corolla Wild Horse Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corolla Wild Horse Fund Inc is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$92K |
| Total Assets | $2.2M |
| Total Liabilities | $705K |
| Net Assets | $1.5M |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 31.9% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Corolla Wild Horse Fund Inc reported a surplus of $92K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 31.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Corolla Wild Horse Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.9% | +46.4% | +14.8% |
| 2022 | -9.1% | +24.2% | +8.5% |
| 2021 | +42.7% | +14.1% | +19.5% |
| 2020 | +69.2% | +63.7% | +13.3% |
| 2019 | -44.7% | -48.2% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corolla Wild Horse Fund Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Corolla Wild Horse Fund Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $92K, with revenue exceeding expenses.
- Debt-to-asset ratio: 31.9%.
Frequently Asked Questions about Corolla Wild Horse Fund Inc
Is Corolla Wild Horse Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corolla Wild Horse Fund Inc (EIN: 311810713) insufficient data. 0 red flags identified, 0 strengths noted.
How does Corolla Wild Horse Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Corolla Wild Horse Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Corolla Wild Horse Fund Inc tax-deductible?
Corolla Wild Horse Fund Inc is registered as a tax-exempt nonprofit (EIN: 311810713). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Corolla Wild Horse Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Corolla Wild Horse Fund Inc's revenue has grown by 177.8%, moving from $448K to $1.2M. Total assets increased by 1261.9% over the same period, from $162K to $2.2M. Total functional expenses rose by 167.8%, from $430K to $1.2M. In its most recent filing year (2023), Corolla Wild Horse Fund Inc reported a surplus of $92K, with revenue exceeding expenses. The organization holds $705K in liabilities against $2.2M in assets (debt-to-asset ratio: 31.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $2.2M | $705K | — | — |
| 2022 | $896K | $787K | $1.9M | $515K | — | View 990 |
| 2021 | $986K | $634K | $1.8M | $469K | — | View 990 |
| 2020 | $691K | $555K | $1.5M | $529K | — | — |
| 2019 | $408K | $339K | $1.3M | $500K | — | View 990 |
| 2019 | $739K | $655K | $1.2M | $456K | — | View 990 |
| 2018 | $771K | $748K | $633K | $67K | — | View 990 |
| 2017 | $890K | $708K | $598K | $56K | — | View 990 |
| 2016 | $884K | $741K | $435K | $75K | — | View 990 |
| 2015 | $788K | $712K | $271K | $54K | — | View 990 |
| 2014 | $668K | $652K | $242K | $102K | — | View 990 |
| 2013 | $639K | $634K | $218K | $94K | — | View 990 |
| 2012 | $498K | $487K | $179K | $60K | — | View 990 |
| 2011 | $448K | $430K | $162K | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $2.2M (revenue +38.9% year-over-year).
- 2022: Revenue of $896K, expenses of $787K, and assets of $1.9M (revenue -9.1% year-over-year).
- 2021: Revenue of $986K, expenses of $634K, and assets of $1.8M (revenue +42.7% year-over-year).
- 2020: Revenue of $691K, expenses of $555K, and assets of $1.5M (revenue +69.2% year-over-year).
- 2019: Revenue of $408K, expenses of $339K, and assets of $1.3M (revenue -44.7% year-over-year).
- 2019: Revenue of $739K, expenses of $655K, and assets of $1.2M (revenue -4.2% year-over-year).
- 2018: Revenue of $771K, expenses of $748K, and assets of $633K (revenue -13.4% year-over-year).
- 2017: Revenue of $890K, expenses of $708K, and assets of $598K (revenue +0.8% year-over-year).
- 2016: Revenue of $884K, expenses of $741K, and assets of $435K (revenue +12.1% year-over-year).
- 2015: Revenue of $788K, expenses of $712K, and assets of $271K (revenue +18.0% year-over-year).
- 2014: Revenue of $668K, expenses of $652K, and assets of $242K (revenue +4.5% year-over-year).
- 2013: Revenue of $639K, expenses of $634K, and assets of $218K (revenue +28.3% year-over-year).
- 2012: Revenue of $498K, expenses of $487K, and assets of $179K (revenue +11.1% year-over-year).
- 2011: Revenue of $448K, expenses of $430K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corolla Wild Horse Fund Inc:
Data Sources and Methodology
This transparency report for Corolla Wild Horse Fund 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.