Horses Of Course Inc
EIN: 611764232 · Blue Grass, IA · NTEE: E50
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $130K |
| Net Assets | $3K |
Is Horses Of Course Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Horses Of Course Inc
Horses Of Course Inc (EIN: 611764232) is a nonprofit organization based in Blue Grass, IA, classified under NTEE code E50. The organization reported total revenue of $130K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horses Of Course Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Horses Of Course Inc is a small nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2016–2021). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $130K |
| Surplus / Deficit | $-291 |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | -0.2% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2021, Horses Of Course Inc reported a deficit of $291 with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 6 years of filings (2016–2021), Horses Of Course Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -16.2% | -15.0% | -9.8% |
| 2020 | +35.5% | +32.1% | +156.9% |
| 2019 | -9.9% | -4.0% | -58.5% |
| 2018 | -6.2% | -12.0% | +17268.8% |
| 2017 | -1.7% | -1.9% | -81.4% |
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 Of Course Inc 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 Of Course Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $291, with expenses exceeding revenue.
Frequently Asked Questions about Horses Of Course Inc
Is Horses Of Course Inc a legitimate charity?
Horses Of Course Inc (EIN: 611764232) is a registered tax-exempt nonprofit based in Iowa. It has 6 years of IRS 990 filings on record. Total revenue: $130K. No red flags identified. Financial health grade: C.
How does Horses Of Course Inc spend its money?
Horses Of Course Inc reported $130K in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Horses Of Course Inc tax-deductible?
Horses Of Course Inc is registered as a tax-exempt nonprofit (EIN: 611764232). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Horses Of Course Inc located?
Horses Of Course Inc is headquartered in Blue Grass, Iowa and files with the IRS under EIN 611764232. It is classified under NTEE code E50.
How many years of IRS 990 filings does Horses Of Course Inc have?
Horses Of Course Inc has 6 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 $130K in total revenue.
Filing History
IRS 990 filing history for Horses Of Course Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2016–2021), Horses Of Course Inc's revenue has declined by 5.6%, moving from $137K to $130K. Total assets increased by 3003.5% over the same period, from $86 to $3K. Total functional expenses fell by 7%, from $140K to $130K. In its most recent filing year (2021), Horses Of Course Inc reported a deficit of $291, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $130K | $130K | $3K | $0 | — | View 990 |
| 2020 | $155K | $153K | $3K | $0 | — | View 990 |
| 2019 | $114K | $116K | $1K | $0 | — | View 990 |
| 2018 | $127K | $121K | $3K | $0 | — | View 990 |
| 2017 | $135K | $137K | $16 | $3K | — | View 990 |
| 2016 | $137K | $140K | $86 | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $130K, expenses of $130K, and assets of $3K (revenue -16.2% year-over-year).
- 2020: Revenue of $155K, expenses of $153K, and assets of $3K (revenue +35.5% year-over-year).
- 2019: Revenue of $114K, expenses of $116K, and assets of $1K (revenue -9.9% year-over-year).
- 2018: Revenue of $127K, expenses of $121K, and assets of $3K (revenue -6.2% year-over-year).
- 2017: Revenue of $135K, expenses of $137K, and assets of $16 (revenue -1.7% year-over-year).
- 2016: Revenue of $137K, expenses of $140K, and assets of $86.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Horses Of Course Inc:
Data Sources and Methodology
This transparency report for Horses Of Course 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.