Equine Spirit Sanctuary

Equine Spirit Sanctuary experiences fluctuating revenues and expenses, with a deficit in its latest reported period.

EIN: 203373965 · Rnch De Taos, NM · NTEE: D20 · Updated: 2026-03-28

$166KRevenue

$259KAssets

70/100Mission Score (Good)

D20

About Equine Spirit Sanctuary

Equine Spirit Sanctuary (EIN: 203373965) is a nonprofit organization based in Rnch De Taos, NM, classified under NTEE code D20. The organization reported total revenue of $166K and total assets of $259K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Equine Spirit Sanctuary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Equine Spirit Sanctuary demonstrates a fluctuating financial performance over the past several years. While the organization reported total revenue of $165,629 and assets of $258,619 in its latest filing, its financial health shows some instability. For instance, in 2023, expenses ($153,054) exceeded revenue ($110,495), leading to a deficit. This contrasts with 2022, where revenue ($192,403) significantly outpaced expenses ($121,387). The organization's assets have also seen considerable fluctuation, peaking at $336,658 in 2022 and dropping to $273,254 in 2023. 

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing overhead in that specific area. The lack of detailed expense categories in the provided data limits a comprehensive evaluation of spending efficiency and transparency beyond executive compensation. 

Overall, Equine Spirit Sanctuary appears to be a small to medium-sized nonprofit with a history of managing its finances without paying officer compensation. However, the inconsistent revenue and expense patterns, particularly the deficit in 2023, warrant closer examination for long-term sustainability. Transparency regarding the allocation of expenses into program, administrative, and fundraising categories would significantly enhance the assessment of its financial health and efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Equine Spirit Sanctuary 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: 75%
fundraising: 10%

According to IRS 990 filings, Equine Spirit Sanctuary allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Equine Spirit Sanctuary consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a positive sign for a nonprofit of its size, suggesting a volunteer-driven leadership structure.

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 Spirit Sanctuary's IRS 990 filings:

Inconsistent revenue and expense patterns, with expenses exceeding revenue in 2023 ($153,054 vs. $110,495).
Significant fluctuations in total assets over recent years, from $336,658 in 2022 to $273,254 in 2023.

Strengths

The following positive indicators were identified for Equine Spirit Sanctuary:

Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
Long operational history with 11 IRS 990 filings, suggesting sustained commitment to its mission.
Significant asset base of $258,619 (latest) relative to its annual revenue, providing some financial cushion.

Frequently Asked Questions about Equine Spirit Sanctuary

Is Equine Spirit Sanctuary financially stable?

The organization's financial stability is inconsistent. While it has maintained operations for over a decade, recent filings show a deficit in 2023 ($110,495 revenue vs. $153,054 expenses) following a surplus in 2022 ($192,403 revenue vs. $121,387 expenses). This fluctuation suggests a need for more consistent revenue streams or expense management.

How does Equine Spirit Sanctuary manage executive compensation?

Equine Spirit Sanctuary reports 0% officer compensation in all available IRS 990 filings, indicating that its officers do not receive salaries or other forms of compensation from the organization.

What is the trend in the organization's assets?

The organization's assets have fluctuated significantly. They grew from around $20,000 in 2013-2014 to a peak of $336,658 in 2022, before decreasing to $273,254 in 2023. This indicates variability in its financial holdings.

Filing History

IRS 990 filing history for Equine Spirit Sanctuary showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2012–2023), Equine Spirit Sanctuary's revenue has grown by 68.6%, moving from $66K to $110K. Total assets increased by 1905.4% over the same period, from $14K to $273K. Total functional expenses rose by 138.3%, from $64K to $153K. In its most recent filing year (2023), Equine Spirit Sanctuary reported a deficit of $43K, with expenses exceeding revenue. The organization holds $114K in liabilities against $273K in assets (debt-to-asset ratio: 41.6%), resulting in net assets of $160K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$110K	$153K	$273K	$114K	—	—
2022	$192K	$121K	$337K	$134K	—	View 990
2021	$70K	$106K	$278K	$147K	—	View 990
2020	$116K	$110K	$310K	$144K	—	View 990
2019	$100K	$76K	$301K	$273K	—	—
2017	$62K	$78K	$308K	$137K	—	View 990
2016	$120K	$72K	$329K	$142K	—	View 990
2015	$174K	$77K	$286K	$147K	—	View 990
2014	$74K	$74K	$20K	$0	—	View 990
2013	$81K	$77K	$21K	$0	—	View 990
2012	$66K	$64K	$14K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $110K, expenses of $153K, and assets of $273K (revenue -42.6% year-over-year).
2022: Revenue of $192K, expenses of $121K, and assets of $337K (revenue +173.2% year-over-year).
2021: Revenue of $70K, expenses of $106K, and assets of $278K (revenue -39.5% year-over-year).
2020: Revenue of $116K, expenses of $110K, and assets of $310K (revenue +16.8% year-over-year).
2019: Revenue of $100K, expenses of $76K, and assets of $301K (revenue +60.5% year-over-year).
2017: Revenue of $62K, expenses of $78K, and assets of $308K (revenue -48.1% year-over-year).
2016: Revenue of $120K, expenses of $72K, and assets of $329K (revenue -31.3% year-over-year).
2015: Revenue of $174K, expenses of $77K, and assets of $286K (revenue +136.6% year-over-year).
2014: Revenue of $74K, expenses of $74K, and assets of $20K (revenue -9.3% year-over-year).
2013: Revenue of $81K, expenses of $77K, and assets of $21K (revenue +23.7% year-over-year).
2012: Revenue of $66K, expenses of $64K, and assets of $14K.

Data Sources and Methodology

This transparency report for Equine Spirit Sanctuary 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.