Equine Assisted Therapy Andhandicapped Riding Of New Jersey
Equine Assisted Therapy Andhandicapped Riding of New Jersey shows asset growth but faced a deficit and increased liabilities in 2023.
EIN: 205482556 · Salem, NJ · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $153K |
| Total Expenses | $129K |
| Program Spending | 85% |
| Net Assets | $-10,029 |
| Transparency Score | 85/100 |
Is Equine Assisted Therapy Andhandicapped Riding Of New Jersey Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Equine Assisted Therapy Andhandicapped Riding Of New Jersey directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equine Assisted Therapy Andhandicapped Riding Of New Jersey
Equine Assisted Therapy Andhandicapped Riding Of New Jersey (EIN: 205482556) is a nonprofit organization based in Salem, NJ, classified under NTEE code B82. The organization reported total revenue of $153K and total assets of $46K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equine Assisted Therapy Andhandicapped Riding Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equine Assisted Therapy Andhandicapped Riding Of New Jersey is a small nonprofit that has been operating for 17 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $129K |
| Surplus / Deficit | $-10,029 |
| Total Assets | $119K |
| Total Liabilities | $129K |
| Net Assets | $-10,029 |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 108.4% |
| Months of Reserves | 11.1 months |
Financial Health Grade: C
In 2023, Equine Assisted Therapy Andhandicapped Riding Of New Jersey reported a deficit of $10K with expenses exceeding revenue, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 108.4% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Equine Assisted Therapy Andhandicapped Riding Of New Jersey's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.3% | -9.7% | +210.0% |
| 2022 | +79.1% | +64.8% | +165.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Equine Assisted Therapy Andhandicapped Riding Of New Jersey with a Mission Score of 85 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 Assisted Therapy Andhandicapped Riding Of New Jersey 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 deficit of $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 108.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all three filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of this size.
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 Equine Assisted Therapy Andhandicapped Riding Of New Jersey's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($128,805 vs $118,776), resulting in a deficit.
- Liabilities ($128,805) exceeded assets ($118,776) in 2023, indicating potential short-term liquidity challenges.
Strengths
The following positive indicators were identified for Equine Assisted Therapy Andhandicapped Riding Of New Jersey:
- Consistent reporting of 0% officer compensation, indicating strong dedication to mission over executive pay.
- Significant asset growth from $14,445 in 2021 to $118,776 in 2023, demonstrating financial accumulation.
- Generally positive net income in 2021 and 2022, showing effective financial management in those periods.
Frequently Asked Questions about Equine Assisted Therapy Andhandicapped Riding Of New Jersey
Is Equine Assisted Therapy Andhandicapped Riding Of New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Equine Assisted Therapy Andhandicapped Riding Of New Jersey (EIN: 205482556) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Equine Assisted Therapy Andhandicapped Riding Of New Jersey spend its money?
Equine Assisted Therapy Andhandicapped Riding Of New Jersey directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Equine Assisted Therapy Andhandicapped Riding Of New Jersey tax-deductible?
Equine Assisted Therapy Andhandicapped Riding Of New Jersey is registered as a tax-exempt nonprofit (EIN: 205482556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Equine Assisted Therapy Andhandicapped Riding Of New Jersey's spending goes to programs?
Equine Assisted Therapy Andhandicapped Riding Of New Jersey directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Equine Assisted Therapy Andhandicapped Riding Of New Jersey compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Equine Assisted Therapy Andhandicapped Riding Of New Jersey is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equine Assisted Therapy Andhandicapped Riding Of New Jersey located?
Equine Assisted Therapy Andhandicapped Riding Of New Jersey is headquartered in Salem, New Jersey and files with the IRS under EIN 205482556. It is classified under NTEE code B82.
How many years of IRS 990 filings does Equine Assisted Therapy Andhandicapped Riding Of New Jersey have?
Equine Assisted Therapy Andhandicapped Riding Of New Jersey has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $153K in total revenue.
Is Equine Assisted Therapy Andhandicapped Riding Of New Jersey a good charity?
Based on the available data, the charity appears to be good, especially given its consistent reporting of 0% officer compensation and significant asset growth from $14,445 in 2021 to $118,776 in 2023. However, the 2023 deficit where expenses ($128,805) exceeded revenue ($118,776) and the increase in liabilities to $128,805 warrant further investigation.
What caused the deficit and high liabilities in 2023?
The provided data does not specify the exact cause of the $10,029 deficit (Expenses $128,805 - Revenue $118,776) or the $128,805 in liabilities in 2023. This would require reviewing the full 990 form for that period to understand specific expenditures or new financial obligations.
How does the organization fund its operations without officer compensation?
The organization likely relies heavily on volunteer efforts for its leadership and administrative functions, allowing all raised funds to be directed towards program services and other operational costs. This is a common model for smaller, mission-driven nonprofits.
Filing History
IRS 990 filing history for Equine Assisted Therapy Andhandicapped Riding Of New Jersey showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Equine Assisted Therapy Andhandicapped Riding Of New Jersey's revenue has grown by 17.6%, moving from $101K to $119K. Total assets increased by 722.3% over the same period, from $14K to $119K. Total functional expenses rose by 48.8%, from $87K to $129K. In its most recent filing year (2023), Equine Assisted Therapy Andhandicapped Riding Of New Jersey reported a deficit of $10K, with expenses exceeding revenue. The organization holds $129K in liabilities against $119K in assets (debt-to-asset ratio: 108.4%), resulting in net assets of $-10,029.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $129K | $119K | $129K | — | View 990 |
| 2022 | $181K | $143K | $38K | $0 | — | View 990 |
| 2021 | $101K | $87K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $129K, and assets of $119K (revenue -34.3% year-over-year).
- 2022: Revenue of $181K, expenses of $143K, and assets of $38K (revenue +79.1% year-over-year).
- 2021: Revenue of $101K, expenses of $87K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equine Assisted Therapy Andhandicapped Riding Of New Jersey:
Data Sources and Methodology
This transparency report for Equine Assisted Therapy Andhandicapped Riding Of New Jersey 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.