Horses For Healing
EIN: 463396794 · Corrales, NM · NTEE: E50
| Metric | Value |
|---|---|
| Total Revenue | $661K |
| Total Expenses | $463K |
| Net Assets | $-53,640 |
Is Horses For Healing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horses For Healing
Horses For Healing (EIN: 463396794) is a nonprofit organization based in Corrales, NM, classified under NTEE code E50. The organization reported total revenue of $661K and total assets of $157K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horses For Healing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horses For Healing is a small nonprofit that has been operating for 13 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 24.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $442K |
| Total Expenses | $463K |
| Surplus / Deficit | $-20,570 |
| Total Assets | $7K |
| Total Liabilities | $61K |
| Net Assets | $-53,640 |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 820.2% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Horses For Healing reported a deficit of $21K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 820.2% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Horses For Healing's revenue has grown at a compound annual growth rate (CAGR) of 24.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.6% | +16.7% | -36.8% |
| 2022 | +26.6% | +43.1% | +42.1% |
| 2021 | +41.2% | +35.5% | +27.1% |
| 2020 | +97.9% | +95.5% | +2344.9% |
| 2019 | +13.0% | +17.3% | -80.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Horses For Healing 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 For Healing 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 deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 820.2%.
Frequently Asked Questions about Horses For Healing
Is Horses For Healing a legitimate charity?
Based on AI analysis of IRS 990 filings, Horses For Healing (EIN: 463396794) insufficient data. 0 red flags identified, 0 strengths noted.
How does Horses For Healing spend its money?
Detailed spending breakdown data is not yet available for Horses For Healing. Check back for updated IRS 990 analysis.
Are donations to Horses For Healing tax-deductible?
Horses For Healing is registered as a tax-exempt nonprofit (EIN: 463396794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Horses For Healing located?
Horses For Healing is headquartered in Corrales, New Mexico and files with the IRS under EIN 463396794. It is classified under NTEE code E50.
How many years of IRS 990 filings does Horses For Healing have?
Horses For Healing has 8 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 $661K in total revenue.
Filing History
IRS 990 filing history for Horses For Healing showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Horses For Healing's revenue has grown by 350.1%, moving from $98K to $442K. Total assets increased by 11537.5% over the same period, from $64 to $7K. Total functional expenses rose by 351.7%, from $102K to $463K. In its most recent filing year (2023), Horses For Healing reported a deficit of $21K, with expenses exceeding revenue. The organization holds $61K in liabilities against $7K in assets (debt-to-asset ratio: 820.2%), resulting in net assets of $-53,640.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $442K | $463K | $7K | $61K | — | View 990 |
| 2022 | $364K | $397K | $12K | $45K | — | View 990 |
| 2021 | $287K | $277K | $8K | $0 | — | View 990 |
| 2020 | $204K | $205K | $7K | $8K | — | View 990 |
| 2019 | $103K | $105K | $267 | $1K | — | View 990 |
| 2018 | $91K | $89K | $1K | $581 | — | View 990 |
| 2017 | $96K | $93K | $1K | $2K | — | View 990 |
| 2016 | $98K | $102K | $64 | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $442K, expenses of $463K, and assets of $7K (revenue +21.6% year-over-year).
- 2022: Revenue of $364K, expenses of $397K, and assets of $12K (revenue +26.6% year-over-year).
- 2021: Revenue of $287K, expenses of $277K, and assets of $8K (revenue +41.2% year-over-year).
- 2020: Revenue of $204K, expenses of $205K, and assets of $7K (revenue +97.9% year-over-year).
- 2019: Revenue of $103K, expenses of $105K, and assets of $267 (revenue +13.0% year-over-year).
- 2018: Revenue of $91K, expenses of $89K, and assets of $1K (revenue -4.7% year-over-year).
- 2017: Revenue of $96K, expenses of $93K, and assets of $1K (revenue -2.7% year-over-year).
- 2016: Revenue of $98K, expenses of $102K, and assets of $64.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horses For Healing:
Data Sources and Methodology
This transparency report for Horses For Healing 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.