Horses Bring Hope
EIN: 471633930 · North Kingstown, RI · NTEE: P20
| Metric | Value |
|---|---|
| Total Expenses | $24K |
| Net Assets | $375 |
Is Horses Bring Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horses Bring Hope
Horses Bring Hope (EIN: 471633930) is a nonprofit organization based in North Kingstown, RI, classified under NTEE code P20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horses Bring Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horses Bring Hope is a micro nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2016–2020). Revenue has grown at a compound annual rate of -28.4%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $24K |
| Surplus / Deficit | $-4,711 |
| Total Assets | $375 |
| Net Assets | $375 |
| Operating Margin | -23.9% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2020, Horses Bring Hope reported a deficit of $5K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2016–2020), Horses Bring Hope's revenue has declined at a compound annual growth rate (CAGR) of -28.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -75.0% | -69.0% | -82.0% |
| 2019 | +24.8% | +25.3% | -51.5% |
| 2018 | -15.7% | -17.7% | +144.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Horses Bring Hope 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 Horses Bring Hope 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Frequently Asked Questions about Horses Bring Hope
Is Horses Bring Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Horses Bring Hope (EIN: 471633930) insufficient data. 0 red flags identified, 0 strengths noted.
How does Horses Bring Hope spend its money?
Detailed spending breakdown data is not yet available for Horses Bring Hope. Check back for updated IRS 990 analysis.
Are donations to Horses Bring Hope tax-deductible?
Horses Bring Hope is registered as a tax-exempt nonprofit (EIN: 471633930). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Horses Bring Hope located?
Horses Bring Hope is headquartered in North Kingstown, Rhode Island and files with the IRS under EIN 471633930. It is classified under NTEE code P20.
How many years of IRS 990 filings does Horses Bring Hope have?
Horses Bring Hope has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Horses Bring Hope showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2016–2020), Horses Bring Hope's revenue has declined by 73.7%, moving from $75K to $20K. Total assets decreased by 78.8% over the same period, from $2K to $375. Total functional expenses fell by 68%, from $77K to $24K. In its most recent filing year (2020), Horses Bring Hope reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $20K | $24K | $375 | $0 | — | View 990 |
| 2019 | $79K | $79K | $2K | $0 | — | View 990 |
| 2018 | $63K | $63K | $4K | $0 | — | View 990 |
| 2016 | $75K | $77K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $20K, expenses of $24K, and assets of $375 (revenue -75.0% year-over-year).
- 2019: Revenue of $79K, expenses of $79K, and assets of $2K (revenue +24.8% year-over-year).
- 2018: Revenue of $63K, expenses of $63K, and assets of $4K (revenue -15.7% year-over-year).
- 2016: Revenue of $75K, expenses of $77K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horses Bring Hope:
Data Sources and Methodology
This transparency report for Horses Bring Hope 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.