Flying Horse Farms
Flying Horse Farms consistently grows assets with zero reported officer compensation.
EIN: 203498125 · Mount Gilead, OH · NTEE: N20 · Updated: 2026-03-28
Is Flying Horse Farms Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flying Horse Farms directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flying Horse Farms
Flying Horse Farms (EIN: 203498125) is a nonprofit organization based in Mount Gilead, OH, classified under NTEE code N20. The organization reported total revenue of $6.0M and total assets of $20.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flying Horse Farms's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flying Horse Farms with a Mission Score of 95 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: 80%
- fundraising: 10%
According to IRS 990 filings, Flying Horse Farms allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Flying Horse Farms consistently reports 0% officer compensation across all available filings, indicating that no portion of their expenses is allocated to executive salaries, which is highly commendable for transparency and resource allocation.
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 Flying Horse Farms:
- Consistent asset growth, from $16.6M in 2014 to $20.1M in 2023.
- Zero reported officer compensation across all 13 filings, indicating high transparency and mission focus.
- Generally positive net income, with revenue often exceeding expenses (e.g., $6.5M revenue vs. $3.9M expenses in 2022).
- Low and decreasing liabilities, from $3.7M in 2014 to $125K in 2023, demonstrating strong financial management.
- Stable financial operations with effective expense management.
Frequently Asked Questions about Flying Horse Farms
Is Flying Horse Farms a legitimate charity?
Based on AI analysis of IRS 990 filings, Flying Horse Farms (EIN: 203498125) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Flying Horse Farms spend its money?
Flying Horse Farms directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Flying Horse Farms tax-deductible?
Flying Horse Farms is registered as a tax-exempt nonprofit (EIN: 203498125). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Flying Horse Farms a good charity?
Based on the provided financial data, Flying Horse Farms appears to be a very good charity. They consistently manage expenses below revenue, grow their assets, and report 0% officer compensation, indicating strong financial health and a commitment to their mission.
How has Flying Horse Farms' financial health changed over time?
Flying Horse Farms has shown consistent financial growth and stability. Their assets have increased from $16.6 million in 2014 to over $20 million in 2023, and they have generally maintained positive net income, with only one reported deficit in 2020.
What is Flying Horse Farms' approach to executive compensation?
Flying Horse Farms reports 0% officer compensation in all available IRS 990 filings, suggesting that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for donor trust.
Filing History
IRS 990 filing history for Flying Horse Farms showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Flying Horse Farms's revenue has declined by 10.9%, moving from $4.6M to $4.1M. Total assets increased by 15.9% over the same period, from $17.3M to $20.0M. Total functional expenses rose by 56.1%, from $2.6M to $4.0M. In its most recent filing year (2023), Flying Horse Farms reported a surplus of $96K, with revenue exceeding expenses. The organization holds $125K in liabilities against $20.0M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $19.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.0M | $20.0M | $125K | — | View 990 |
| 2022 | $6.5M | $3.9M | $19.7M | $211K | — | View 990 |
| 2021 | $5.3M | $3.2M | $17.4M | $426K | — | View 990 |
| 2020 | $2.5M | $2.9M | $15.8M | $919K | — | View 990 |
| 2019 | $4.2M | $3.6M | $15.8M | $584K | — | View 990 |
| 2018 | $5.7M | $4.1M | $15.5M | $811K | — | View 990 |
| 2017 | $4.2M | $4.0M | $16.0M | $3.0M | — | View 990 |
| 2016 | $4.3M | $4.3M | $16.3M | $3.5M | — | View 990 |
| 2015 | $3.9M | $3.9M | $16.6M | $3.8M | — | View 990 |
| 2014 | $3.6M | $3.6M | $16.6M | $3.8M | — | View 990 |
| 2013 | $3.4M | $3.3M | $16.7M | $3.9M | — | View 990 |
| 2012 | $2.5M | $2.9M | $16.7M | $4.0M | — | View 990 |
| 2011 | $4.6M | $2.6M | $17.3M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.0M, and assets of $20.0M (revenue -37.4% year-over-year).
- 2022: Revenue of $6.5M, expenses of $3.9M, and assets of $19.7M (revenue +24.3% year-over-year).
- 2021: Revenue of $5.3M, expenses of $3.2M, and assets of $17.4M (revenue +107.9% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.9M, and assets of $15.8M (revenue -39.0% year-over-year).
- 2019: Revenue of $4.2M, expenses of $3.6M, and assets of $15.8M (revenue -27.7% year-over-year).
- 2018: Revenue of $5.7M, expenses of $4.1M, and assets of $15.5M (revenue +37.0% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.0M, and assets of $16.0M (revenue -2.3% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.3M, and assets of $16.3M (revenue +9.2% year-over-year).
- 2015: Revenue of $3.9M, expenses of $3.9M, and assets of $16.6M (revenue +8.5% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.6M, and assets of $16.6M (revenue +8.1% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.3M, and assets of $16.7M (revenue +34.8% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.9M, and assets of $16.7M (revenue -45.9% year-over-year).
- 2011: Revenue of $4.6M, expenses of $2.6M, and assets of $17.3M.
Data Sources and Methodology
This transparency report for Flying Horse Farms 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.