Horse Feathers Equine Center Inc
Horse Feathers Equine Center Inc maintains zero liabilities and no officer compensation amidst fluctuating revenues.
EIN: 205165544 · Guthrie, OK · NTEE: D20 · Updated: 2026-03-28
Is Horse Feathers Equine Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horse Feathers Equine Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horse Feathers Equine Center Inc
Horse Feathers Equine Center Inc (EIN: 205165544) is a nonprofit organization based in Guthrie, OK, classified under NTEE code D20. The organization reported total revenue of $99K and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horse Feathers Equine Center 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 Horse Feathers Equine Center Inc 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, Horse Feathers Equine Center Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable for an organization of its size, with revenues ranging from approximately $50,000 to $176,000 annually.
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 Horse Feathers Equine Center Inc:
- Consistent reporting of $0 liabilities, indicating strong financial stability.
- Zero officer compensation across all filings, demonstrating high efficiency and dedication to mission.
- Growth in assets over time, from $12,979 in 2016 to $121,378 in 2024, suggesting prudent financial management.
- Often operates with a surplus, as seen in 2024 (Revenue $139,557 vs. Expenses $116,744) and 2022 (Revenue $174,168 vs. Expenses $116,716).
Frequently Asked Questions about Horse Feathers Equine Center Inc
Is Horse Feathers Equine Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horse Feathers Equine Center Inc (EIN: 205165544) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Horse Feathers Equine Center Inc spend its money?
Horse Feathers Equine Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horse Feathers Equine Center Inc tax-deductible?
Horse Feathers Equine Center Inc is registered as a tax-exempt nonprofit (EIN: 205165544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Horse Feathers Equine Center Inc a good charity?
Based on the available IRS 990 data, Horse Feathers Equine Center Inc appears to be a good charity. It consistently reports $0 in liabilities and $0 in officer compensation, indicating strong financial health and a commitment to directing funds to its mission. While revenue fluctuates, assets have grown, and it often operates with a surplus.
How has the organization's financial health changed over time?
The organization's financial health has generally improved over time. Assets have grown significantly from $12,979 in 2016 to $121,378 in 2024. While revenue and expenses have fluctuated, the consistent reporting of zero liabilities and zero officer compensation demonstrates a stable and responsible financial approach.
What is the trend in Horse Feathers Equine Center Inc's revenue?
Horse Feathers Equine Center Inc's revenue has shown significant year-over-year fluctuations, with no clear consistent upward or downward trend. For example, revenue was $176,594 in 2020, dropped to $59,563 in 2021, surged to $174,168 in 2022, and then decreased to $85,308 in 2023 before rising to $139,557 in 2024.
Filing History
IRS 990 filing history for Horse Feathers Equine Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Horse Feathers Equine Center Inc's revenue has grown by 118.5%, moving from $64K to $140K. Total assets increased by 727.8% over the same period, from $15K to $121K. Total functional expenses rose by 82.1%, from $64K to $117K. In its most recent filing year (2024), Horse Feathers Equine Center Inc reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $140K | $117K | $121K | $0 | — | — |
| 2023 | $85K | $109K | $102K | $0 | — | View 990 |
| 2022 | $174K | $117K | $131K | $0 | — | View 990 |
| 2021 | $60K | $82K | $79K | $0 | — | — |
| 2020 | $177K | $140K | $108K | $0 | — | View 990 |
| 2019 | $56K | $54K | $34K | $0 | — | View 990 |
| 2018 | $50K | $48K | $32K | $0 | — | — |
| 2016 | $53K | $63K | $13K | $0 | — | View 990 |
| 2015 | $74K | $65K | $23K | $0 | — | View 990 |
| 2014 | $55K | $65K | $14K | $0 | — | View 990 |
| 2013 | $73K | $62K | $24K | $0 | — | View 990 |
| 2012 | $64K | $64K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $140K, expenses of $117K, and assets of $121K (revenue +63.6% year-over-year).
- 2023: Revenue of $85K, expenses of $109K, and assets of $102K (revenue -51.0% year-over-year).
- 2022: Revenue of $174K, expenses of $117K, and assets of $131K (revenue +192.4% year-over-year).
- 2021: Revenue of $60K, expenses of $82K, and assets of $79K (revenue -66.3% year-over-year).
- 2020: Revenue of $177K, expenses of $140K, and assets of $108K (revenue +214.6% year-over-year).
- 2019: Revenue of $56K, expenses of $54K, and assets of $34K (revenue +12.2% year-over-year).
- 2018: Revenue of $50K, expenses of $48K, and assets of $32K (revenue -5.5% year-over-year).
- 2016: Revenue of $53K, expenses of $63K, and assets of $13K (revenue -28.2% year-over-year).
- 2015: Revenue of $74K, expenses of $65K, and assets of $23K (revenue +33.4% year-over-year).
- 2014: Revenue of $55K, expenses of $65K, and assets of $14K (revenue -24.5% year-over-year).
- 2013: Revenue of $73K, expenses of $62K, and assets of $24K (revenue +14.7% year-over-year).
- 2012: Revenue of $64K, expenses of $64K, and assets of $15K.
Data Sources and Methodology
This transparency report for Horse Feathers Equine Center 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.