Helping With Horsepower A Spirithorse Center
EIN: 453963128 · Mitchell, SD · NTEE: N69
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $191K |
| Net Assets | $53K |
Is Helping With Horsepower A Spirithorse Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Helping With Horsepower A Spirithorse Center
Helping With Horsepower A Spirithorse Center (EIN: 453963128) is a nonprofit organization based in Mitchell, SD, classified under NTEE code N69. The organization reported total revenue of $129K and total assets of $133K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Helping With Horsepower A Spirithorse Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Helping With Horsepower A Spirithorse Center is a small nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $191K |
| Surplus / Deficit | $-25,626 |
| Total Assets | $124K |
| Total Liabilities | $71K |
| Net Assets | $53K |
| Operating Margin | -15.5% |
| Debt-to-Asset Ratio | 57.4% |
| Months of Reserves | 7.8 months |
Financial Health Grade: C
In 2023, Helping With Horsepower A Spirithorse Center reported a deficit of $26K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 57.4% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Helping With Horsepower A Spirithorse Center's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | +5.1% | -27.5% |
| 2022 | +23.4% | +45.7% | +66.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Helping With Horsepower A Spirithorse Center 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 Helping With Horsepower A Spirithorse Center 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 $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.4%.
Frequently Asked Questions about Helping With Horsepower A Spirithorse Center
Is Helping With Horsepower A Spirithorse Center a legitimate charity?
Helping With Horsepower A Spirithorse Center (EIN: 453963128) is a registered tax-exempt nonprofit based in South Dakota. It has 3 years of IRS 990 filings on record. Total revenue: $129K. No red flags identified. Financial health grade: C.
How does Helping With Horsepower A Spirithorse Center spend its money?
Helping With Horsepower A Spirithorse Center reported $129K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Helping With Horsepower A Spirithorse Center tax-deductible?
Helping With Horsepower A Spirithorse Center is registered as a tax-exempt nonprofit (EIN: 453963128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Helping With Horsepower A Spirithorse Center located?
Helping With Horsepower A Spirithorse Center is headquartered in Mitchell, South Dakota and files with the IRS under EIN 453963128. It is classified under NTEE code N69.
How many years of IRS 990 filings does Helping With Horsepower A Spirithorse Center have?
Helping With Horsepower A Spirithorse Center has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $129K in total revenue.
Filing History
IRS 990 filing history for Helping With Horsepower A Spirithorse Center showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Helping With Horsepower A Spirithorse Center's revenue has grown by 13.2%, moving from $146K to $165K. Total assets increased by 20.9% over the same period, from $103K to $124K. Total functional expenses rose by 53.1%, from $125K to $191K. In its most recent filing year (2023), Helping With Horsepower A Spirithorse Center reported a deficit of $26K, with expenses exceeding revenue. The organization holds $71K in liabilities against $124K in assets (debt-to-asset ratio: 57.4%), resulting in net assets of $53K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $191K | $124K | $71K | — | View 990 |
| 2022 | $180K | $182K | $171K | $93K | — | — |
| 2021 | $146K | $125K | $103K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $191K, and assets of $124K (revenue -8.3% year-over-year).
- 2022: Revenue of $180K, expenses of $182K, and assets of $171K (revenue +23.4% year-over-year).
- 2021: Revenue of $146K, expenses of $125K, and assets of $103K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Helping With Horsepower A Spirithorse Center:
Data Sources and Methodology
This transparency report for Helping With Horsepower A Spirithorse Center 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.