Heartstrides Therapeutic Riding And Horsemanship Of Olympia
EIN: 273559358 · Olympia, WA · NTEE: E50
| Metric | Value |
|---|---|
| Total Revenue | $251K |
| Total Expenses | $290K |
| Net Assets | $203K |
Is Heartstrides Therapeutic Riding And Horsemanship Of Olympia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heartstrides Therapeutic Riding And Horsemanship Of Olympia
Heartstrides Therapeutic Riding And Horsemanship Of Olympia (EIN: 273559358) is a nonprofit organization based in Olympia, WA, classified under NTEE code E50. The organization reported total revenue of $251K and total assets of $189K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartstrides Therapeutic Riding And Horsemanship Of Olympia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heartstrides Therapeutic Riding And Horsemanship Of Olympia is a small nonprofit that has been operating for 15 years, with 7 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $284K |
| Total Expenses | $290K |
| Surplus / Deficit | $-6,673 |
| Total Assets | $203K |
| Net Assets | $203K |
| Operating Margin | -2.4% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2023, Heartstrides Therapeutic Riding And Horsemanship Of Olympia reported a deficit of $7K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2011–2023), Heartstrides Therapeutic Riding And Horsemanship Of Olympia's revenue has grown at a compound annual growth rate (CAGR) of 18.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.9% | -5.7% | -3.8% |
| 2022 | +56.7% | +73.9% | +16.3% |
| 2021 | +77.6% | +66.2% | +33.0% |
| 2020 | -4.2% | -13.4% | +89.2% |
| 2019 | +39.9% | +59.1% | +38.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heartstrides Therapeutic Riding And Horsemanship Of Olympia has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heartstrides Therapeutic Riding And Horsemanship Of Olympia with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $7K, with expenses exceeding revenue.
Frequently Asked Questions about Heartstrides Therapeutic Riding And Horsemanship Of Olympia
Is Heartstrides Therapeutic Riding And Horsemanship Of Olympia a legitimate charity?
Based on AI analysis of IRS 990 filings, Heartstrides Therapeutic Riding And Horsemanship Of Olympia (EIN: 273559358) insufficient data. 0 red flags identified, 0 strengths noted.
How does Heartstrides Therapeutic Riding And Horsemanship Of Olympia spend its money?
Detailed spending breakdown data is not yet available for Heartstrides Therapeutic Riding And Horsemanship Of Olympia. Check back for updated IRS 990 analysis.
Are donations to Heartstrides Therapeutic Riding And Horsemanship Of Olympia tax-deductible?
Heartstrides Therapeutic Riding And Horsemanship Of Olympia is registered as a tax-exempt nonprofit (EIN: 273559358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heartstrides Therapeutic Riding And Horsemanship Of Olympia located?
Heartstrides Therapeutic Riding And Horsemanship Of Olympia is headquartered in Olympia, Washington and files with the IRS under EIN 273559358. It is classified under NTEE code E50.
How many years of IRS 990 filings does Heartstrides Therapeutic Riding And Horsemanship Of Olympia have?
Heartstrides Therapeutic Riding And Horsemanship Of Olympia has 7 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 $251K in total revenue.
Filing History
IRS 990 filing history for Heartstrides Therapeutic Riding And Horsemanship Of Olympia showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2023), Heartstrides Therapeutic Riding And Horsemanship Of Olympia's revenue has grown by 626%, moving from $39K to $284K. Total assets increased by 635.5% over the same period, from $28K to $203K. Total functional expenses rose by 1677.9%, from $16K to $290K. In its most recent filing year (2023), Heartstrides Therapeutic Riding And Horsemanship Of Olympia reported a deficit of $7K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $284K | $290K | $203K | $0 | — | — |
| 2022 | $368K | $308K | $211K | $1K | — | — |
| 2021 | $235K | $177K | $181K | $31K | — | View 990 |
| 2020 | $132K | $107K | $136K | $44K | — | — |
| 2019 | $138K | $123K | $72K | $5K | — | View 990 |
| 2018 | $99K | $77K | $52K | $0 | — | View 990 |
| 2011 | $39K | $16K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $284K, expenses of $290K, and assets of $203K (revenue -22.9% year-over-year).
- 2022: Revenue of $368K, expenses of $308K, and assets of $211K (revenue +56.7% year-over-year).
- 2021: Revenue of $235K, expenses of $177K, and assets of $181K (revenue +77.6% year-over-year).
- 2020: Revenue of $132K, expenses of $107K, and assets of $136K (revenue -4.2% year-over-year).
- 2019: Revenue of $138K, expenses of $123K, and assets of $72K (revenue +39.9% year-over-year).
- 2018: Revenue of $99K, expenses of $77K, and assets of $52K (revenue +152.4% year-over-year).
- 2011: Revenue of $39K, expenses of $16K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heartstrides Therapeutic Riding And Horsemanship Of Olympia:
Data Sources and Methodology
This transparency report for Heartstrides Therapeutic Riding And Horsemanship Of Olympia 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.