High Horses Therapeutic Riding Program
High Horses Therapeutic Riding Program shows consistent asset growth and no reported officer compensation, despite a recent deficit.
EIN: 20461109 · Sharon, VT · NTEE: Z99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $960K |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 88/100 |
Is High Horses Therapeutic Riding Program Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
High Horses Therapeutic Riding Program directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About High Horses Therapeutic Riding Program
High Horses Therapeutic Riding Program (EIN: 20461109) is a nonprofit organization based in Sharon, VT, classified under NTEE code Z99Z. The organization reported total revenue of $2.5M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of High Horses Therapeutic Riding Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
High Horses Therapeutic Riding Program is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $787K |
| Total Expenses | $960K |
| Surplus / Deficit | $-173,627 |
| Total Assets | $1.3M |
| Total Liabilities | $1K |
| Net Assets | $1.3M |
| Operating Margin | -22.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 16.8 months |
Financial Health Grade: B
In 2023, High Horses Therapeutic Riding Program reported a deficit of $174K with expenses exceeding revenue, holds 16.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), High Horses Therapeutic Riding Program's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +26.4% | -16.0% |
| 2022 | +21.7% | +7.7% | -6.3% |
| 2021 | -16.7% | +9.1% | -3.0% |
| 2020 | +43.2% | +8.0% | +6.0% |
| 2019 | -36.9% | +10.5% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 High Horses Therapeutic Riding Program with a Mission Score of 88 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, High Horses Therapeutic Riding Program 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 $174K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a positive indicator of resources being directed towards the mission rather than high salaries.
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 High Horses Therapeutic Riding Program's IRS 990 filings:
- 2023 expenses ($960,407) significantly exceeded revenue ($786,780), resulting in a deficit.
Strengths
The following positive indicators were identified for High Horses Therapeutic Riding Program:
- Consistent asset growth over the past decade, from $544,192 in 2014 to $1,342,817 in 2023.
- No reported officer compensation across all available filings, indicating efficient use of funds.
- Regular and transparent IRS 990 filings, providing a clear financial history.
- Demonstrated ability to generate substantial revenue, with latest reported revenue at $2,546,831.
Frequently Asked Questions about High Horses Therapeutic Riding Program
Is High Horses Therapeutic Riding Program a legitimate charity?
Based on AI analysis of IRS 990 filings, High Horses Therapeutic Riding Program (EIN: 20461109) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does High Horses Therapeutic Riding Program spend its money?
High Horses Therapeutic Riding Program directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to High Horses Therapeutic Riding Program tax-deductible?
High Horses Therapeutic Riding Program is registered as a tax-exempt nonprofit (EIN: 20461109). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of High Horses Therapeutic Riding Program's spending goes to programs?
High Horses Therapeutic Riding Program directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does High Horses Therapeutic Riding Program compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), High Horses Therapeutic Riding Program is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is High Horses Therapeutic Riding Program located?
High Horses Therapeutic Riding Program is headquartered in Sharon, Vermont and files with the IRS under EIN 20461109. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does High Horses Therapeutic Riding Program have?
High Horses Therapeutic Riding Program 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 $2.5M in total revenue.
Is High Horses Therapeutic Riding Program financially stable?
Yes, despite a deficit in 2023 ($786,780 revenue vs. $960,407 expenses), the organization has demonstrated long-term financial stability with consistent asset growth from $544,192 in 2014 to $1,342,817 in 2023.
How does High Horses manage executive compensation?
High Horses Therapeutic Riding Program consistently reports 0% officer compensation in its IRS 990 filings, indicating a strong commitment to directing funds towards its programs rather than executive salaries.
What is the trend in High Horses' revenue and expenses?
Revenue and expenses have generally increased over the years, with revenue peaking at $957,885 in 2016 and expenses at $960,407 in 2023. While there was a deficit in 2023, the organization has historically managed its finances effectively, often generating surpluses.
Filing History
IRS 990 filing history for High Horses Therapeutic Riding Program showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), High Horses Therapeutic Riding Program's revenue has grown by 227%, moving from $241K to $787K. Total assets increased by 226.5% over the same period, from $411K to $1.3M. Total functional expenses rose by 343.5%, from $217K to $960K. In its most recent filing year (2023), High Horses Therapeutic Riding Program reported a deficit of $174K, with expenses exceeding revenue. The organization holds $1K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $787K | $960K | $1.3M | $1K | — | — |
| 2022 | $745K | $760K | $1.6M | $109K | — | View 990 |
| 2021 | $612K | $706K | $1.7M | $9K | — | View 990 |
| 2020 | $735K | $647K | $1.8M | $9K | — | View 990 |
| 2019 | $513K | $599K | $1.7M | $33K | — | View 990 |
| 2018 | $814K | $542K | $1.7M | $9K | — | View 990 |
| 2017 | $650K | $449K | $1.4M | $6K | — | View 990 |
| 2016 | $958K | $369K | $1.3M | $116K | — | View 990 |
| 2015 | $370K | $283K | $593K | $4K | — | View 990 |
| 2014 | $311K | $241K | $544K | $3K | — | View 990 |
| 2013 | $245K | $226K | $474K | $3K | — | View 990 |
| 2012 | $267K | $223K | $455K | $3K | — | View 990 |
| 2011 | $241K | $217K | $411K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $787K, expenses of $960K, and assets of $1.3M (revenue +5.6% year-over-year).
- 2022: Revenue of $745K, expenses of $760K, and assets of $1.6M (revenue +21.7% year-over-year).
- 2021: Revenue of $612K, expenses of $706K, and assets of $1.7M (revenue -16.7% year-over-year).
- 2020: Revenue of $735K, expenses of $647K, and assets of $1.8M (revenue +43.2% year-over-year).
- 2019: Revenue of $513K, expenses of $599K, and assets of $1.7M (revenue -36.9% year-over-year).
- 2018: Revenue of $814K, expenses of $542K, and assets of $1.7M (revenue +25.3% year-over-year).
- 2017: Revenue of $650K, expenses of $449K, and assets of $1.4M (revenue -32.2% year-over-year).
- 2016: Revenue of $958K, expenses of $369K, and assets of $1.3M (revenue +159.2% year-over-year).
- 2015: Revenue of $370K, expenses of $283K, and assets of $593K (revenue +19.0% year-over-year).
- 2014: Revenue of $311K, expenses of $241K, and assets of $544K (revenue +26.8% year-over-year).
- 2013: Revenue of $245K, expenses of $226K, and assets of $474K (revenue -8.1% year-over-year).
- 2012: Revenue of $267K, expenses of $223K, and assets of $455K (revenue +10.8% year-over-year).
- 2011: Revenue of $241K, expenses of $217K, and assets of $411K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for High Horses Therapeutic Riding Program:
Data Sources and Methodology
This transparency report for High Horses Therapeutic Riding Program 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.