Double B Equine Rescue Corp

Double B Equine Rescue Corp operates with fluctuating revenues and minimal assets, relying on volunteer leadership.

EIN: 205333030 · Industry, ME · NTEE: D20 · Updated: 2026-03-28

$0Revenue

$0Assets

75/100Mission Score (Good)

D20

About Double B Equine Rescue Corp

Double B Equine Rescue Corp (EIN: 205333030) is a nonprofit organization based in Industry, ME, classified under NTEE code D20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Double B Equine Rescue Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Double B Equine Rescue Corp demonstrates a mixed financial picture over its filing history. While the organization has shown periods of positive net income, such as in 2023 with revenues of $46,503 exceeding expenses of $39,156, it has also experienced years where expenses outstripped revenue, notably in 2021 where expenses of $56,915 surpassed revenues of $45,379. The organization's asset base remains very small, consistently reported at low figures (e.g., $1 in 2023, $1,184 in 2022), which could indicate a reliance on immediate funding for operations rather than building reserves. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which is a positive indicator for donor funds directly supporting the mission.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, as the provided data only gives total expenses. However, the absence of officer compensation implies that a significant portion of operational costs, beyond direct program expenses, would likely be allocated to administrative overhead or fundraising efforts. The organization's revenue has fluctuated significantly, peaking at $162,322 in 2020, which suggests potential variability in donor support or grant funding.

Transparency appears to be adequate in terms of filing the required IRS 990 forms. The consistent reporting of minimal assets and no liabilities in most recent years simplifies the financial structure. The lack of officer compensation is a strong point for transparency regarding how leadership is compensated. However, without more granular expense data, a deeper analysis of how efficiently funds are allocated across different functions (programs vs. overhead) is limited.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Double B Equine Rescue Corp with a Mission Score of 75 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, Double B Equine Rescue Corp 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.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for a small nonprofit.

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 Double B Equine Rescue Corp's IRS 990 filings:

Very low asset base, indicating limited financial reserves
Fluctuating revenue and expenses, with periods of deficit spending

Strengths

The following positive indicators were identified for Double B Equine Rescue Corp:

Consistent 0% officer compensation, indicating volunteer leadership
Regularly files IRS 990 forms, demonstrating compliance
Positive net income in recent years (e.g., $7,347 in 2023)

Frequently Asked Questions about Double B Equine Rescue Corp

Is Double B Equine Rescue Corp financially stable?

The organization's financial stability is moderate. While it has had periods of positive net income (e.g., $7,347 in 2023), it also experienced deficits (e.g., -$11,536 in 2021), and its asset base remains very small, suggesting limited financial reserves.

How does Double B Equine Rescue Corp fund its operations?

Based on the fluctuating revenue figures, the organization likely relies on a combination of donations, grants, and potentially fundraising events, with a significant peak in revenue in 2020 ($162,322).

What is the organization's approach to executive compensation?

Double B Equine Rescue Corp reports 0% officer compensation in all available filings, indicating that its leadership serves on a volunteer basis.

Filing History

IRS 990 filing history for Double B Equine Rescue Corp showing financial trends over 7 years of public records:

Total assets increased by 0% over the same period, from $1 to $1. In its most recent filing year (2023), Double B Equine Rescue Corp reported a surplus of $7K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$47K	$39K	$1	$0	—	—
2022	$49K	$49K	$1K	$0	—	—
2021	$45K	$57K	$47	$0	—	—
2020	$162K	$73K	$2K	$0	—	—
2019	$46K	$41K	$2K	$0	—	—
2018	$39K	$66K	$1K	$2K	—	View 990
2017	$0	$0	$1	$0	—	—

Year-by-Year Financial Summary

2023: Revenue of $47K, expenses of $39K, and assets of $1 (revenue -5.5% year-over-year).
2022: Revenue of $49K, expenses of $49K, and assets of $1K (revenue +8.4% year-over-year).
2021: Revenue of $45K, expenses of $57K, and assets of $47 (revenue -72.0% year-over-year).
2020: Revenue of $162K, expenses of $73K, and assets of $2K (revenue +254.4% year-over-year).
2019: Revenue of $46K, expenses of $41K, and assets of $2K (revenue +17.2% year-over-year).
2018: Revenue of $39K, expenses of $66K, and assets of $1K.
2017: Revenue of $0, expenses of $0, and assets of $1.

Data Sources and Methodology

This transparency report for Double B Equine Rescue Corp 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.