Hampton Classic Horse Show Inc
Hampton Classic Horse Show Inc shows strong revenue growth and asset accumulation, with no reported officer compensation, but has seen a substantial increase in liabilities.
EIN: 112597077 · Bridgehampton, NY · NTEE: T990 · Updated: 2026-03-28
Is Hampton Classic Horse Show Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hampton Classic Horse Show Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hampton Classic Horse Show Inc
Hampton Classic Horse Show Inc (EIN: 112597077) is a nonprofit organization based in Bridgehampton, NY, classified under NTEE code T990. The organization reported total revenue of $6.8M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hampton Classic Horse Show Inc'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 Hampton Classic Horse Show 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Hampton Classic Horse Show Inc 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
The organization consistently reports 0% officer compensation across all provided filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for a nonprofit of its size with revenues exceeding $6 million.
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 Hampton Classic Horse Show Inc's IRS 990 filings:
- Significant increase in liabilities from $279,459 in 2022 to $2,750,818 in 2023, requiring further investigation.
Strengths
The following positive indicators were identified for Hampton Classic Horse Show Inc:
- Consistent revenue growth, with latest revenue at $6,843,717.
- Strong asset growth, reaching over $4 million in 2023 and 2024.
- 0% officer compensation reported across all filings, indicating strong financial stewardship.
- Generally positive net income in recent years, demonstrating financial sustainability.
Frequently Asked Questions about Hampton Classic Horse Show Inc
Is Hampton Classic Horse Show Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hampton Classic Horse Show Inc (EIN: 112597077) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hampton Classic Horse Show Inc spend its money?
Hampton Classic Horse Show Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hampton Classic Horse Show Inc tax-deductible?
Hampton Classic Horse Show Inc is registered as a tax-exempt nonprofit (EIN: 112597077). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities from $279,459 in 2022 to $2,750,818 in 2023?
The provided data does not specify the nature of these liabilities. Further examination of the full IRS 990 forms for 2023 and 2024 would be necessary to understand the specific accounts contributing to this increase.
How does the organization manage its cash reserves given the fluctuating net income?
While net income fluctuates, the organization has consistently maintained positive net income in recent years (e.g., $312,131 in 2024, $359,646 in 2023), contributing to its growing asset base. The specific management of cash reserves would require a detailed look at its balance sheet and cash flow statements.
What are the primary sources of revenue for the Hampton Classic Horse Show Inc?
The provided data only shows total revenue. To understand the primary sources (e.g., ticket sales, sponsorships, donations), a deeper dive into the organization's full IRS 990 filings would be required.
Filing History
IRS 990 filing history for Hampton Classic Horse Show Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Hampton Classic Horse Show Inc's revenue has grown by 76%, moving from $3.9M to $6.8M. Total assets increased by 237.1% over the same period, from $1.2M to $4.0M. Total functional expenses rose by 68.1%, from $3.9M to $6.5M. In its most recent filing year (2024), Hampton Classic Horse Show Inc reported a surplus of $312K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $4.0M in assets (debt-to-asset ratio: 47.9%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $6.8M | $6.5M | $4.0M | $1.9M | — | View 990 |
| 2023 | $6.2M | $5.9M | $4.5M | $2.8M | — | — |
| 2022 | $4.9M | $4.9M | $1.7M | $279K | — | View 990 |
| 2021 | $851K | $931K | $1.6M | $236K | — | View 990 |
| 2020 | $5.0M | $5.0M | $1.5M | $53K | — | View 990 |
| 2019 | $5.6M | $4.9M | $1.8M | $256K | — | View 990 |
| 2018 | $4.8M | $4.8M | $1.0M | $171K | — | View 990 |
| 2017 | $4.6M | $4.8M | $855K | $11K | — | View 990 |
| 2016 | $4.6M | $4.6M | $1.0M | $59K | — | View 990 |
| 2015 | $4.4M | $4.5M | $1.1M | $77K | — | View 990 |
| 2014 | $4.5M | $4.5M | $1.1M | $45K | — | View 990 |
| 2013 | $4.0M | $4.0M | $1.1M | $22K | — | View 990 |
| 2012 | $3.9M | $3.9M | $1.2M | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.8M, expenses of $6.5M, and assets of $4.0M (revenue +9.8% year-over-year).
- 2023: Revenue of $6.2M, expenses of $5.9M, and assets of $4.5M (revenue +25.9% year-over-year).
- 2022: Revenue of $4.9M, expenses of $4.9M, and assets of $1.7M (revenue +481.4% year-over-year).
- 2021: Revenue of $851K, expenses of $931K, and assets of $1.6M (revenue -83.0% year-over-year).
- 2020: Revenue of $5.0M, expenses of $5.0M, and assets of $1.5M (revenue -11.3% year-over-year).
- 2019: Revenue of $5.6M, expenses of $4.9M, and assets of $1.8M (revenue +16.1% year-over-year).
- 2018: Revenue of $4.8M, expenses of $4.8M, and assets of $1.0M (revenue +4.5% year-over-year).
- 2017: Revenue of $4.6M, expenses of $4.8M, and assets of $855K (revenue +0.7% year-over-year).
- 2016: Revenue of $4.6M, expenses of $4.6M, and assets of $1.0M (revenue +4.3% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.5M, and assets of $1.1M (revenue -0.8% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.5M, and assets of $1.1M (revenue +12.4% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.0M, and assets of $1.1M (revenue +1.9% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.9M, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Hampton Classic Horse Show 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.