Equine Advocates Incorporated
Equine Advocates Incorporated shows strong financial growth and asset accumulation with no reported officer compensation.
EIN: 113313534 · Valatie, NY · NTEE: D200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $2.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $6.6M |
| Transparency Score | 92/100 |
Is Equine Advocates Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equine Advocates Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equine Advocates Incorporated
Equine Advocates Incorporated (EIN: 113313534) is a nonprofit organization based in Valatie, NY, classified under NTEE code D200. The organization reported total revenue of $3.2M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equine Advocates Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equine Advocates Incorporated is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $6.9M |
| Total Liabilities | $348K |
| Net Assets | $6.6M |
| Operating Margin | 47.2% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 40.6 months |
Financial Health Grade: A
In 2023, Equine Advocates Incorporated reported a surplus of $1.8M with revenue exceeding expenses, holds 40.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Equine Advocates Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 11.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.7% | +7.0% | +42.4% |
| 2022 | +11.5% | +5.7% | +9.9% |
| 2021 | +8.6% | +16.4% | +9.5% |
| 2020 | +32.3% | +2.5% | +11.8% |
| 2019 | -2.2% | -3.7% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1996 |
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 Equine Advocates Incorporated with a Mission Score of 92 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, Equine Advocates Incorporated 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 $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
No officer compensation has been reported in any of the provided filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is a strong positive for an organization of its size with assets approaching $7 million.
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 Equine Advocates Incorporated:
- Strong and consistent revenue growth, from $1.48M in 2019 to $3.88M in 2023.
- Significant asset accumulation, nearly doubling from $3.62M in 2019 to $6.94M in 2023.
- Expenses consistently lower than revenue, indicating efficient financial management.
- No reported officer compensation across all filings, demonstrating a commitment to mission over executive pay.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Equine Advocates Incorporated
Is Equine Advocates Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Equine Advocates Incorporated (EIN: 113313534) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Equine Advocates Incorporated spend its money?
Equine Advocates Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Equine Advocates Incorporated tax-deductible?
Equine Advocates Incorporated is registered as a tax-exempt nonprofit (EIN: 113313534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Equine Advocates Incorporated CEO make?
Equine Advocates Incorporated's highest-compensated officer earns $7 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Equine Advocates Incorporated's spending goes to programs?
Equine Advocates Incorporated directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Equine Advocates Incorporated compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Equine Advocates Incorporated is above average for NTEE category D200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equine Advocates Incorporated located?
Equine Advocates Incorporated is headquartered in Valatie, New York and files with the IRS under EIN 113313534. It is classified under NTEE code D200.
How many years of IRS 990 filings does Equine Advocates Incorporated have?
Equine Advocates Incorporated 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 $3.2M in total revenue.
Is Equine Advocates Incorporated financially stable?
Yes, Equine Advocates Incorporated is financially stable. Their assets have grown significantly from $3,622,386 in 2019 to $6,945,080 in 2023, and their revenue consistently exceeds expenses, particularly in the most recent filing where revenue was $3,885,482 against expenses of $2,052,107.
How has the organization's revenue trended?
The organization's revenue has shown a strong upward trend, increasing from $1,480,868 in 2019 to $3,885,482 in 2023, indicating growing support and financial capacity.
Does Equine Advocates Incorporated pay its officers?
Based on the provided IRS 990 data, Equine Advocates Incorporated has reported 0% officer compensation across all available filings, suggesting that officers are not compensated through traditional salary structures reported on the 990.
Filing History
IRS 990 filing history for Equine Advocates Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Equine Advocates Incorporated's revenue has grown by 276.8%, moving from $1.0M to $3.9M. Total assets increased by 79.2% over the same period, from $3.9M to $6.9M. Total functional expenses rose by 51.3%, from $1.4M to $2.1M. In its most recent filing year (2023), Equine Advocates Incorporated reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $348K in liabilities against $6.9M in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $2.1M | $6.9M | $348K | — | View 990 |
| 2022 | $2.4M | $1.9M | $4.9M | $113K | — | View 990 |
| 2021 | $2.1M | $1.8M | $4.4M | $128K | — | View 990 |
| 2020 | $2.0M | $1.6M | $4.0M | $56K | — | View 990 |
| 2019 | $1.5M | $1.5M | $3.6M | $31K | — | View 990 |
| 2018 | $1.5M | $1.6M | $3.7M | $38K | — | View 990 |
| 2017 | $1.5M | $1.4M | $3.7M | $39K | — | View 990 |
| 2016 | $1.4M | $1.4M | $3.7M | $32K | — | View 990 |
| 2015 | $1.4M | $1.5M | $3.7M | $24K | — | View 990 |
| 2014 | $1.6M | $1.4M | $3.8M | $43K | — | View 990 |
| 2013 | $1.2M | $1.3M | $3.6M | $26K | — | View 990 |
| 2012 | $1.2M | $1.3M | $3.7M | $26K | — | View 990 |
| 2011 | $1.0M | $1.4M | $3.9M | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $2.1M, and assets of $6.9M (revenue +63.7% year-over-year).
- 2022: Revenue of $2.4M, expenses of $1.9M, and assets of $4.9M (revenue +11.5% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.8M, and assets of $4.4M (revenue +8.6% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.6M, and assets of $4.0M (revenue +32.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $3.6M (revenue -2.2% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.6M, and assets of $3.7M (revenue +0.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $3.7M (revenue +10.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $3.7M (revenue -1.1% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $3.7M (revenue -14.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.4M, and assets of $3.8M (revenue +32.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $3.6M (revenue +4.3% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $3.7M (revenue +13.0% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.4M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equine Advocates Incorporated:
Data Sources and Methodology
This transparency report for Equine Advocates Incorporated 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.