Dale And Patti Shirley Equine Encore Foundation
Equine Encore Foundation experiences significant revenue decline and operational deficit in 2023.
EIN: 202530224 · Tucson, AZ · NTEE: D20 · Updated: 2026-03-28
Is Dale And Patti Shirley Equine Encore Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dale And Patti Shirley Equine Encore Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dale And Patti Shirley Equine Encore Foundation
Dale And Patti Shirley Equine Encore Foundation (EIN: 202530224) is a nonprofit organization based in Tucson, AZ, classified under NTEE code D20. The organization reported total revenue of $329K and total assets of $576K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dale And Patti Shirley Equine Encore Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dale And Patti Shirley Equine Encore Foundation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $333K |
| Surplus / Deficit | $-280,675 |
| Total Assets | $745K |
| Net Assets | $745K |
| Operating Margin | -538.4% |
| Months of Reserves | 26.9 months |
Financial Health Grade: B
In 2023, Dale And Patti Shirley Equine Encore Foundation reported a deficit of $281K with expenses exceeding revenue, holds 26.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Dale And Patti Shirley Equine Encore Foundation's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -90.7% | +3.5% | -29.6% |
| 2022 | +504.3% | +13.8% | +30.8% |
| 2021 | -47.4% | -1.8% | -18.8% |
| 2020 | -82.9% | +30.7% | -10.2% |
| 2019 | +339.4% | -9.0% | +223.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2005 |
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 Dale And Patti Shirley Equine Encore Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Dale And Patti Shirley Equine Encore Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $281K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is a positive for minimizing administrative overhead.
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.
Red Flags
The following concerns were identified during AI analysis of Dale And Patti Shirley Equine Encore Foundation's IRS 990 filings:
- Significant year-over-year revenue volatility, with a sharp decline from $558,655 in 2022 to $52,136 in 2023.
- Consistent operational deficits in multiple years (e.g., 2023, 2021, 2020), where expenses exceeded revenue.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Dale And Patti Shirley Equine Encore Foundation:
- Zero officer compensation reported across all filings, indicating a commitment to minimizing executive overhead.
- Maintained substantial assets, even after periods of deficit spending, suggesting a reserve capacity.
- History of significant revenue years (e.g., $1,028,701 in 2019, $558,655 in 2022) indicates ability to attract substantial funding.
Frequently Asked Questions about Dale And Patti Shirley Equine Encore Foundation
Is Dale And Patti Shirley Equine Encore Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dale And Patti Shirley Equine Encore Foundation (EIN: 202530224) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Dale And Patti Shirley Equine Encore Foundation spend its money?
Dale And Patti Shirley Equine Encore Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dale And Patti Shirley Equine Encore Foundation tax-deductible?
Dale And Patti Shirley Equine Encore Foundation is registered as a tax-exempt nonprofit (EIN: 202530224). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dale And Patti Shirley Equine Encore Foundation financially stable?
The foundation's financial stability is questionable given the significant year-over-year revenue fluctuations and instances where expenses substantially exceed revenue, such as in 2023 where expenses were $332,811 against only $52,136 in revenue.
What caused the large drop in revenue from 2022 to 2023?
The provided data does not specify the exact reasons for the revenue drop from $558,655 in 2022 to $52,136 in 2023, but it could be due to a decrease in donations, grants, or other funding sources.
How does the organization cover its expenses when revenue is low?
When revenue is low, as seen in 2023, the organization likely covers its expenses by drawing from its assets, which decreased from $1,058,474 in 2022 to $745,198 in 2023, or through prior year surpluses.
Filing History
IRS 990 filing history for Dale And Patti Shirley Equine Encore Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dale And Patti Shirley Equine Encore Foundation's revenue has declined by 53.9%, moving from $113K to $52K. Total assets increased by 2412.7% over the same period, from $30K to $745K. Total functional expenses rose by 212.9%, from $106K to $333K. In its most recent filing year (2023), Dale And Patti Shirley Equine Encore Foundation reported a deficit of $281K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $333K | $745K | $0 | — | — |
| 2022 | $559K | $321K | $1.1M | $33K | — | View 990 |
| 2021 | $92K | $282K | $809K | $20K | — | View 990 |
| 2020 | $176K | $288K | $997K | $18K | — | — |
| 2019 | $1.0M | $220K | $1.1M | $17K | — | View 990 |
| 2018 | $234K | $242K | $343K | $22K | — | View 990 |
| 2017 | $279K | $259K | $363K | $34K | — | View 990 |
| 2016 | $218K | $267K | $324K | $14K | — | View 990 |
| 2015 | $215K | $229K | $378K | $20K | — | View 990 |
| 2014 | $245K | $229K | $374K | $3K | — | View 990 |
| 2013 | $513K | $186K | $359K | $3K | — | View 990 |
| 2012 | $196K | $197K | $34K | $5K | — | View 990 |
| 2011 | $113K | $106K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $333K, and assets of $745K (revenue -90.7% year-over-year).
- 2022: Revenue of $559K, expenses of $321K, and assets of $1.1M (revenue +504.3% year-over-year).
- 2021: Revenue of $92K, expenses of $282K, and assets of $809K (revenue -47.4% year-over-year).
- 2020: Revenue of $176K, expenses of $288K, and assets of $997K (revenue -82.9% year-over-year).
- 2019: Revenue of $1.0M, expenses of $220K, and assets of $1.1M (revenue +339.4% year-over-year).
- 2018: Revenue of $234K, expenses of $242K, and assets of $343K (revenue -16.0% year-over-year).
- 2017: Revenue of $279K, expenses of $259K, and assets of $363K (revenue +27.8% year-over-year).
- 2016: Revenue of $218K, expenses of $267K, and assets of $324K (revenue +1.5% year-over-year).
- 2015: Revenue of $215K, expenses of $229K, and assets of $378K (revenue -12.2% year-over-year).
- 2014: Revenue of $245K, expenses of $229K, and assets of $374K (revenue -52.3% year-over-year).
- 2013: Revenue of $513K, expenses of $186K, and assets of $359K (revenue +162.2% year-over-year).
- 2012: Revenue of $196K, expenses of $197K, and assets of $34K (revenue +73.2% year-over-year).
- 2011: Revenue of $113K, expenses of $106K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dale And Patti Shirley Equine Encore Foundation:
Data Sources and Methodology
This transparency report for Dale And Patti Shirley Equine Encore Foundation 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.