Hobby Horse House Of Jacksonville
Hobby Horse House Of Jacksonville shows strong financial growth and efficient program spending with no reported officer compensation.
EIN: 208208951 · Jacksonville, IL · NTEE: P31 · Updated: 2026-03-28
Is Hobby Horse House Of Jacksonville Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hobby Horse House Of Jacksonville directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hobby Horse House Of Jacksonville
Hobby Horse House Of Jacksonville (EIN: 208208951) is a nonprofit organization based in Jacksonville, IL, classified under NTEE code P31. The organization reported total revenue of $3.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hobby Horse House Of Jacksonville's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hobby Horse House Of Jacksonville is a mid-size 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 25.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$313K |
| Total Assets | $975K |
| Total Liabilities | $87K |
| Net Assets | $888K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 8.9% |
| Months of Reserves | 5.3 months |
Financial Health Grade: A
In 2023, Hobby Horse House Of Jacksonville reported a surplus of $313K with revenue exceeding expenses, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 8.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hobby Horse House Of Jacksonville's revenue has grown at a compound annual growth rate (CAGR) of 25.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.7% | +34.0% | +51.9% |
| 2022 | +260.3% | +205.8% | +216.7% |
| 2021 | +22.4% | +34.6% | +39.3% |
| 2020 | +16.8% | +5.3% | +117.9% |
| 2019 | +38.7% | +31.6% | +92.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Hobby Horse House Of Jacksonville with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hobby Horse House Of Jacksonville allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $313K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly commendable for a nonprofit of its size and growth.
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.
Strengths
The following positive indicators were identified for Hobby Horse House Of Jacksonville:
- Exceptional program spending ratio, with expenses closely aligned to revenue (e.g., 2023 expenses $2,221,882 vs. revenue $2,534,969).
- Consistent reporting of 0% officer compensation, indicating high transparency and dedication of resources to mission.
- Significant and sustained revenue growth, from $404,591 in 2019 to $2,534,969 in 2023, demonstrating expanding impact.
- Healthy asset-to-liability ratio, with assets of $974,958 against liabilities of $86,891 in 2023, indicating strong financial health.
- Positive net assets growth over time, reflecting sound financial management and accumulation of resources for future programs.
Frequently Asked Questions about Hobby Horse House Of Jacksonville
Is Hobby Horse House Of Jacksonville a legitimate charity?
Based on AI analysis of IRS 990 filings, Hobby Horse House Of Jacksonville (EIN: 208208951) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Hobby Horse House Of Jacksonville spend its money?
Hobby Horse House Of Jacksonville directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hobby Horse House Of Jacksonville tax-deductible?
Hobby Horse House Of Jacksonville is registered as a tax-exempt nonprofit (EIN: 208208951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hobby Horse House Of Jacksonville a good charity?
Based on its financial filings, Hobby Horse House Of Jacksonville appears to be a very good charity. It demonstrates strong financial growth, efficient program spending, and exceptional transparency with 0% officer compensation reported.
How has Hobby Horse House Of Jacksonville's revenue changed over time?
Hobby Horse House Of Jacksonville has experienced significant revenue growth, increasing from $404,591 in 2019 to $2,534,969 in 2023, indicating substantial expansion.
What is Hobby Horse House Of Jacksonville's financial stability?
The organization shows strong financial stability, with assets of $974,958 and liabilities of $86,891 in 2023, maintaining a healthy asset-to-liability ratio.
Filing History
IRS 990 filing history for Hobby Horse House Of Jacksonville showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hobby Horse House Of Jacksonville's revenue has grown by 1375%, moving from $172K to $2.5M. Total assets increased by 2151.9% over the same period, from $43K to $975K. Total functional expenses rose by 1040.7%, from $195K to $2.2M. In its most recent filing year (2023), Hobby Horse House Of Jacksonville reported a surplus of $313K, with revenue exceeding expenses. The organization holds $87K in liabilities against $975K in assets (debt-to-asset ratio: 8.9%), resulting in net assets of $888K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.2M | $975K | $87K | — | View 990 |
| 2022 | $2.1M | $1.7M | $642K | $67K | — | View 990 |
| 2021 | $578K | $542K | $203K | $54K | — | — |
| 2020 | $472K | $403K | $146K | $33K | — | View 990 |
| 2019 | $405K | $382K | $67K | $48K | — | View 990 |
| 2018 | $292K | $291K | $35K | $38K | — | View 990 |
| 2017 | $288K | $287K | $42K | $47K | — | — |
| 2016 | $254K | $270K | $40K | $46K | — | View 990 |
| 2015 | $316K | $301K | $55K | $45K | — | View 990 |
| 2014 | $318K | $306K | $54K | $59K | — | View 990 |
| 2013 | $291K | $324K | $30K | $52K | — | View 990 |
| 2012 | $396K | $399K | $54K | $47K | — | View 990 |
| 2011 | $172K | $195K | $43K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.2M, and assets of $975K (revenue +21.7% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.7M, and assets of $642K (revenue +260.3% year-over-year).
- 2021: Revenue of $578K, expenses of $542K, and assets of $203K (revenue +22.4% year-over-year).
- 2020: Revenue of $472K, expenses of $403K, and assets of $146K (revenue +16.8% year-over-year).
- 2019: Revenue of $405K, expenses of $382K, and assets of $67K (revenue +38.7% year-over-year).
- 2018: Revenue of $292K, expenses of $291K, and assets of $35K (revenue +1.1% year-over-year).
- 2017: Revenue of $288K, expenses of $287K, and assets of $42K (revenue +13.7% year-over-year).
- 2016: Revenue of $254K, expenses of $270K, and assets of $40K (revenue -19.7% year-over-year).
- 2015: Revenue of $316K, expenses of $301K, and assets of $55K (revenue -0.8% year-over-year).
- 2014: Revenue of $318K, expenses of $306K, and assets of $54K (revenue +9.6% year-over-year).
- 2013: Revenue of $291K, expenses of $324K, and assets of $30K (revenue -26.5% year-over-year).
- 2012: Revenue of $396K, expenses of $399K, and assets of $54K (revenue +130.2% year-over-year).
- 2011: Revenue of $172K, expenses of $195K, and assets of $43K.
Data Sources and Methodology
This transparency report for Hobby Horse House Of Jacksonville 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.