Free Rein Therapeutic Riding
Free Rein Therapeutic Riding shows consistent growth and no executive compensation, despite a recent deficit.
EIN: 208377385 · Spokane, WA · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $405K |
| Total Expenses | $419K |
| Program Spending | 85% |
| Net Assets | $266K |
| Transparency Score | 90/100 |
Is Free Rein Therapeutic Riding Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Free Rein Therapeutic Riding directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Free Rein Therapeutic Riding
Free Rein Therapeutic Riding (EIN: 208377385) is a nonprofit organization based in Spokane, WA, classified under NTEE code P80. The organization reported total revenue of $405K and total assets of $194K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Free Rein Therapeutic Riding's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Free Rein Therapeutic Riding is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $346K |
| Total Expenses | $419K |
| Surplus / Deficit | $-73,463 |
| Total Assets | $282K |
| Total Liabilities | $16K |
| Net Assets | $266K |
| Operating Margin | -21.3% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 8.1 months |
Financial Health Grade: B
In 2023, Free Rein Therapeutic Riding reported a deficit of $73K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Free Rein Therapeutic Riding's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +62.4% | -19.2% |
| 2022 | +22.4% | +37.7% | +28.3% |
| 2021 | +54.9% | +58.9% | +46.3% |
| 2020 | -17.5% | +2.3% | +46.5% |
| 2019 | -5.6% | -55.2% | +226.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Free Rein Therapeutic Riding with a Mission Score of 90 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, Free Rein Therapeutic Riding 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 $73K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This is a significant positive for a nonprofit of its size, ensuring that all funds are directed towards operational costs and program delivery.
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 Free Rein Therapeutic Riding's IRS 990 filings:
- Expenses exceeded revenue in the 202312 period, leading to a deficit of $73,463.
Strengths
The following positive indicators were identified for Free Rein Therapeutic Riding:
- Consistent revenue growth over the past decade, from $185,974 in 2014 to $405,158 (latest).
- Significant asset growth, from $34,318 in 2014 to $282,343 in 2023, indicating financial stability.
- 0% officer compensation reported across all filings, demonstrating strong commitment to mission spending.
- Low liabilities relative to assets, suggesting good financial management and solvency.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Free Rein Therapeutic Riding
Is Free Rein Therapeutic Riding a legitimate charity?
Free Rein Therapeutic Riding (EIN: 208377385) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $405K. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Free Rein Therapeutic Riding spend its money?
Free Rein Therapeutic Riding directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Free Rein Therapeutic Riding tax-deductible?
Free Rein Therapeutic Riding is registered as a tax-exempt nonprofit (EIN: 208377385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Free Rein Therapeutic Riding's spending goes to programs?
Free Rein Therapeutic Riding directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Free Rein Therapeutic Riding compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Free Rein Therapeutic Riding is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Free Rein Therapeutic Riding located?
Free Rein Therapeutic Riding is headquartered in Spokane, Washington and files with the IRS under EIN 208377385. It is classified under NTEE code P80.
How many years of IRS 990 filings does Free Rein Therapeutic Riding have?
Free Rein Therapeutic Riding 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 $405K in total revenue.
Is Free Rein Therapeutic Riding a good charity?
Based on the provided IRS 990 data, Free Rein Therapeutic Riding appears to be a very good charity. It demonstrates consistent revenue growth, significant asset accumulation, and a strong commitment to its mission by reporting 0% officer compensation across all filings. While there was a deficit in the 202312 period, the overall financial trend is positive and responsible.
How has Free Rein Therapeutic Riding's financial health changed over time?
Free Rein Therapeutic Riding has shown substantial financial growth and improved health over the past decade. Revenue has increased from $185,974 in 2014 to $405,158 (latest reported), and assets have grown from $34,318 to $282,343 in 2023. Liabilities have remained relatively low, indicating prudent financial management and increasing capacity.
What caused the deficit in the 202312 period?
The provided data indicates that in the 202312 period, expenses ($419,018) exceeded revenue ($345,555), resulting in a deficit. Without more detailed expense breakdowns from the 990 form, the specific causes (e.g., increased program costs, one-time capital expenditures, or a temporary dip in donations) cannot be precisely determined from this summary.
Filing History
IRS 990 filing history for Free Rein Therapeutic Riding showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Free Rein Therapeutic Riding's revenue has grown by 266.4%, moving from $94K to $346K. Total assets increased by 893.9% over the same period, from $28K to $282K. Total functional expenses rose by 243.1%, from $122K to $419K. In its most recent filing year (2023), Free Rein Therapeutic Riding reported a deficit of $73K, with expenses exceeding revenue. The organization holds $16K in liabilities against $282K in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $266K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $346K | $419K | $282K | $16K | — | View 990 |
| 2022 | $331K | $258K | $350K | $10K | — | View 990 |
| 2021 | $270K | $187K | $272K | $6K | — | View 990 |
| 2020 | $175K | $118K | $186K | $3K | — | View 990 |
| 2019 | $212K | $115K | $127K | $824 | — | View 990 |
| 2018 | $224K | $257K | $39K | $9K | — | View 990 |
| 2017 | $229K | $199K | $68K | $5K | — | — |
| 2016 | $220K | $216K | $36K | $3K | — | View 990 |
| 2015 | $201K | $204K | $42K | $14K | — | View 990 |
| 2014 | $186K | $173K | $34K | $3K | — | View 990 |
| 2013 | $166K | $161K | $22K | $3K | — | View 990 |
| 2012 | $142K | $154K | $16K | $2K | — | View 990 |
| 2011 | $94K | $122K | $28K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $346K, expenses of $419K, and assets of $282K (revenue +4.3% year-over-year).
- 2022: Revenue of $331K, expenses of $258K, and assets of $350K (revenue +22.4% year-over-year).
- 2021: Revenue of $270K, expenses of $187K, and assets of $272K (revenue +54.9% year-over-year).
- 2020: Revenue of $175K, expenses of $118K, and assets of $186K (revenue -17.5% year-over-year).
- 2019: Revenue of $212K, expenses of $115K, and assets of $127K (revenue -5.6% year-over-year).
- 2018: Revenue of $224K, expenses of $257K, and assets of $39K (revenue -2.0% year-over-year).
- 2017: Revenue of $229K, expenses of $199K, and assets of $68K (revenue +3.9% year-over-year).
- 2016: Revenue of $220K, expenses of $216K, and assets of $36K (revenue +9.6% year-over-year).
- 2015: Revenue of $201K, expenses of $204K, and assets of $42K (revenue +8.1% year-over-year).
- 2014: Revenue of $186K, expenses of $173K, and assets of $34K (revenue +11.8% year-over-year).
- 2013: Revenue of $166K, expenses of $161K, and assets of $22K (revenue +17.6% year-over-year).
- 2012: Revenue of $142K, expenses of $154K, and assets of $16K (revenue +50.1% year-over-year).
- 2011: Revenue of $94K, expenses of $122K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Free Rein Therapeutic Riding:
Data Sources and Methodology
This transparency report for Free Rein Therapeutic Riding 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.