Horsepower Therapeutic Riding
EIN: 461625889 · Saint Charles, IL · NTEE: P82
| Metric | Value |
|---|---|
| Total Revenue | $403K |
| Total Expenses | $338K |
| Net Assets | $364K |
Is Horsepower Therapeutic Riding Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horsepower Therapeutic Riding
Horsepower Therapeutic Riding (EIN: 461625889) is a nonprofit organization based in Saint Charles, IL, classified under NTEE code P82. The organization reported total revenue of $403K and total assets of $458K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horsepower Therapeutic Riding's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horsepower Therapeutic Riding is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $398K |
| Total Expenses | $338K |
| Surplus / Deficit | +$59K |
| Total Assets | $378K |
| Total Liabilities | $15K |
| Net Assets | $364K |
| Operating Margin | 15.0% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 13.4 months |
Financial Health Grade: A
In 2023, Horsepower Therapeutic Riding reported a surplus of $59K with revenue exceeding expenses, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Horsepower Therapeutic Riding's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | +12.3% | +19.5% |
| 2022 | +1.9% | +15.7% | +33.4% |
| 2021 | +78.3% | +36.4% | +100.2% |
| 2020 | +9.8% | +21.7% | +19.0% |
| 2019 | +3.6% | -8.3% | +63.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Horsepower Therapeutic Riding 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 Horsepower Therapeutic Riding 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 surplus of $59K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Horsepower Therapeutic Riding
Is Horsepower Therapeutic Riding a legitimate charity?
Horsepower Therapeutic Riding (EIN: 461625889) is a registered tax-exempt nonprofit based in Illinois. It has 11 years of IRS 990 filings on record. Total revenue: $403K. No red flags identified. Financial health grade: A.
How does Horsepower Therapeutic Riding spend its money?
Horsepower Therapeutic Riding reported $403K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Horsepower Therapeutic Riding tax-deductible?
Horsepower Therapeutic Riding is registered as a tax-exempt nonprofit (EIN: 461625889). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Horsepower Therapeutic Riding located?
Horsepower Therapeutic Riding is headquartered in Saint Charles, Illinois and files with the IRS under EIN 461625889. It is classified under NTEE code P82.
How many years of IRS 990 filings does Horsepower Therapeutic Riding have?
Horsepower Therapeutic Riding has 11 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 $403K in total revenue.
Filing History
IRS 990 filing history for Horsepower Therapeutic Riding showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Horsepower Therapeutic Riding's revenue has grown by 284.2%, moving from $104K to $398K. Total assets increased by 1249.5% over the same period, from $28K to $378K. Total functional expenses rose by 292.5%, from $86K to $338K. In its most recent filing year (2023), Horsepower Therapeutic Riding reported a surplus of $59K, with revenue exceeding expenses. The organization holds $15K in liabilities against $378K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $364K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $398K | $338K | $378K | $15K | — | — |
| 2022 | $383K | $301K | $317K | $12K | — | — |
| 2021 | $376K | $260K | $237K | $15K | — | View 990 |
| 2020 | $211K | $191K | $119K | $8K | — | View 990 |
| 2019 | $192K | $157K | $100K | $10K | — | View 990 |
| 2018 | $185K | $171K | $61K | $6K | — | View 990 |
| 2017 | $177K | $156K | $49K | $9K | — | View 990 |
| 2016 | $146K | $151K | $29K | $9K | — | View 990 |
| 2015 | $162K | $166K | $29K | $4K | — | View 990 |
| 2014 | $141K | $134K | $35K | $6K | — | View 990 |
| 2013 | $104K | $86K | $28K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $398K, expenses of $338K, and assets of $378K (revenue +3.7% year-over-year).
- 2022: Revenue of $383K, expenses of $301K, and assets of $317K (revenue +1.9% year-over-year).
- 2021: Revenue of $376K, expenses of $260K, and assets of $237K (revenue +78.3% year-over-year).
- 2020: Revenue of $211K, expenses of $191K, and assets of $119K (revenue +9.8% year-over-year).
- 2019: Revenue of $192K, expenses of $157K, and assets of $100K (revenue +3.6% year-over-year).
- 2018: Revenue of $185K, expenses of $171K, and assets of $61K (revenue +4.7% year-over-year).
- 2017: Revenue of $177K, expenses of $156K, and assets of $49K (revenue +21.1% year-over-year).
- 2016: Revenue of $146K, expenses of $151K, and assets of $29K (revenue -10.0% year-over-year).
- 2015: Revenue of $162K, expenses of $166K, and assets of $29K (revenue +14.8% year-over-year).
- 2014: Revenue of $141K, expenses of $134K, and assets of $35K (revenue +36.7% year-over-year).
- 2013: Revenue of $104K, expenses of $86K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horsepower Therapeutic Riding:
Data Sources and Methodology
This transparency report for Horsepower Therapeutic Riding 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.