Equine Assisted Therapy Inc
Equine Assisted Therapy Inc shows consistent revenue growth and no reported officer compensation, but experienced a deficit in 2023.
EIN: 200319917 · Glencoe, MO · NTEE: F60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $644K |
| Total Expenses | $576K |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Equine Assisted Therapy Inc 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 Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Equine Assisted Therapy Inc
Equine Assisted Therapy Inc (EIN: 200319917) is a nonprofit organization based in Glencoe, MO, classified under NTEE code F60. The organization reported total revenue of $644K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equine Assisted Therapy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Equine Assisted Therapy Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $536K |
| Total Expenses | $576K |
| Surplus / Deficit | $-39,953 |
| Total Assets | $1.6M |
| Total Liabilities | $335K |
| Net Assets | $1.2M |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 21.4% |
| Months of Reserves | 32.6 months |
Financial Health Grade: B
In 2023, Equine Assisted Therapy Inc reported a deficit of $40K with expenses exceeding revenue, holds 32.6 months of operating reserves (strong position), has a debt-to-asset ratio of 21.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Equine Assisted Therapy Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +35.8% | -21.2% |
| 2022 | +8.0% | +24.2% | -11.5% |
| 2021 | +17.5% | +25.7% | +3.8% |
| 2020 | +44.2% | -0.7% | +3.9% |
| 2019 | -13.9% | +19.1% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Equine Assisted Therapy Inc 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 $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.4%.
Executive Compensation Analysis
Equine Assisted Therapy Inc reports 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or receives very minimal compensation, which is a strong positive for resource allocation directly to programs.
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 Inc's IRS 990 filings:
- Expenses ($576,358) exceeded revenue ($536,405) in the 2023 period, resulting in a deficit.
Strengths
The following positive indicators were identified for Equine Assisted Therapy Inc:
- Consistent revenue growth over recent years, from $259,347 in 2019 to $536,405 in 2023.
- No reported officer compensation across all available filings, indicating efficient use of funds.
- Long history of IRS 990 filings (13 periods), demonstrating transparency.
- Assets consistently exceed liabilities, indicating a healthy balance sheet.
Frequently Asked Questions about Equine Assisted Therapy Inc
Is Equine Assisted Therapy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Equine Assisted Therapy Inc (EIN: 200319917) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Equine Assisted Therapy Inc spend its money?
Equine Assisted Therapy Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Equine Assisted Therapy Inc tax-deductible?
Equine Assisted Therapy Inc is registered as a tax-exempt nonprofit (EIN: 200319917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Equine Assisted Therapy Inc's spending goes to programs?
Equine Assisted Therapy Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Equine Assisted Therapy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Equine Assisted Therapy Inc is above average for NTEE category F60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Equine Assisted Therapy Inc located?
Equine Assisted Therapy Inc is headquartered in Glencoe, Missouri and files with the IRS under EIN 200319917. It is classified under NTEE code F60.
How many years of IRS 990 filings does Equine Assisted Therapy Inc have?
Equine Assisted Therapy Inc 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 $644K in total revenue.
Is Equine Assisted Therapy Inc financially stable?
The organization generally appears stable, with assets consistently exceeding liabilities. However, the 2023 period showed expenses ($576,358) exceeding revenue ($536,405), which could impact future stability if it becomes a trend.
How has Equine Assisted Therapy Inc's revenue changed over time?
Revenue has shown significant growth, increasing from $259,347 in 2019 to $536,405 in 2023, nearly doubling in four years.
Does Equine Assisted Therapy Inc pay its officers?
Based on the provided IRS 990 data, Equine Assisted Therapy Inc reports 0% officer compensation for all available filing periods, suggesting officers are unpaid or receive very minimal compensation.
Filing History
IRS 990 filing history for Equine Assisted Therapy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Equine Assisted Therapy Inc's revenue has grown by 156.1%, moving from $209K to $536K. Total assets increased by 9.1% over the same period, from $1.4M to $1.6M. Total functional expenses rose by 415.7%, from $112K to $576K. In its most recent filing year (2023), Equine Assisted Therapy Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $335K in liabilities against $1.6M in assets (debt-to-asset ratio: 21.4%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $536K | $576K | $1.6M | $335K | — | — |
| 2022 | $475K | $425K | $2.0M | $344K | — | View 990 |
| 2021 | $439K | $342K | $2.2M | $359K | — | View 990 |
| 2020 | $374K | $272K | $2.2M | $371K | — | — |
| 2019 | $259K | $274K | $2.1M | $372K | — | View 990 |
| 2018 | $301K | $230K | $2.1M | $388K | — | View 990 |
| 2017 | $420K | $241K | $2.1M | $395K | — | View 990 |
| 2016 | $314K | $239K | $2.1M | $449K | — | View 990 |
| 2015 | $250K | $217K | $1.6M | $459K | — | View 990 |
| 2014 | $231K | $210K | $1.6M | $470K | — | View 990 |
| 2013 | $297K | $198K | $1.6M | $464K | — | View 990 |
| 2012 | $350K | $228K | $1.7M | $477K | — | View 990 |
| 2011 | $209K | $112K | $1.4M | $327K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $536K, expenses of $576K, and assets of $1.6M (revenue +13.0% year-over-year).
- 2022: Revenue of $475K, expenses of $425K, and assets of $2.0M (revenue +8.0% year-over-year).
- 2021: Revenue of $439K, expenses of $342K, and assets of $2.2M (revenue +17.5% year-over-year).
- 2020: Revenue of $374K, expenses of $272K, and assets of $2.2M (revenue +44.2% year-over-year).
- 2019: Revenue of $259K, expenses of $274K, and assets of $2.1M (revenue -13.9% year-over-year).
- 2018: Revenue of $301K, expenses of $230K, and assets of $2.1M (revenue -28.2% year-over-year).
- 2017: Revenue of $420K, expenses of $241K, and assets of $2.1M (revenue +33.6% year-over-year).
- 2016: Revenue of $314K, expenses of $239K, and assets of $2.1M (revenue +25.8% year-over-year).
- 2015: Revenue of $250K, expenses of $217K, and assets of $1.6M (revenue +8.2% year-over-year).
- 2014: Revenue of $231K, expenses of $210K, and assets of $1.6M (revenue -22.3% year-over-year).
- 2013: Revenue of $297K, expenses of $198K, and assets of $1.6M (revenue -15.3% year-over-year).
- 2012: Revenue of $350K, expenses of $228K, and assets of $1.7M (revenue +67.3% year-over-year).
- 2011: Revenue of $209K, expenses of $112K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Equine Assisted Therapy Inc:
Data Sources and Methodology
This transparency report for Equine Assisted Therapy 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.