Horsey Family Youth Foundation Inc
Horsey Family Youth Foundation faces severe financial decline with revenue collapse in latest period.
EIN: 203828887 · Laurel, DE · NTEE: T12 · Updated: 2026-03-28
Is Horsey Family Youth Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Horsey Family Youth Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Horsey Family Youth Foundation Inc
Horsey Family Youth Foundation Inc (EIN: 203828887) is a nonprofit organization based in Laurel, DE, classified under NTEE code T12. The organization reported total revenue of $0 and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Horsey Family Youth Foundation 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 Horsey Family Youth Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Horsey Family Youth Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 the organization's leadership is likely volunteer-based, which is commendable for a nonprofit of its size.
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.
Red Flags
The following concerns were identified during AI analysis of Horsey Family Youth Foundation Inc's IRS 990 filings:
- Significant operating deficit in the latest filing ($3,250 revenue vs. $24,329 expenses in 202312).
- Dramatic decline in revenue from $182,398 in 202212 to $3,250 in 202312.
- Consistent trend of expenses exceeding revenue in multiple periods (e.g., 202312, 202212, 202112, 201712, 201412).
- Declining asset base from $102,705 in 202012 to $40,056 in 202312.
Strengths
The following positive indicators were identified for Horsey Family Youth Foundation Inc:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- No reported liabilities across all filing periods, suggesting responsible debt management.
Frequently Asked Questions about Horsey Family Youth Foundation Inc
Is Horsey Family Youth Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Horsey Family Youth Foundation Inc (EIN: 203828887) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Horsey Family Youth Foundation Inc spend its money?
Horsey Family Youth Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Horsey Family Youth Foundation Inc tax-deductible?
Horsey Family Youth Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203828887). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Horsey Family Youth Foundation Inc. financially sustainable?
Based on the latest filing (202312) showing revenue of $3,250 against expenses of $24,329, and a trend of declining revenue, the organization's financial sustainability is highly questionable.
What caused the drastic drop in revenue in 2023?
The provided data does not specify the cause, but the revenue dropped from $182,398 in 202212 to $3,250 in 202312, which is a critical area for further investigation.
How does the organization cover its operating deficits?
With expenses frequently exceeding revenue (e.g., $24,329 expenses vs. $3,250 revenue in 202312; $190,124 expenses vs. $182,398 revenue in 202212), the organization must be drawing from its assets or prior year surpluses, which is not sustainable long-term.
Filing History
IRS 990 filing history for Horsey Family Youth Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Horsey Family Youth Foundation Inc's revenue has declined by 98.5%, moving from $210K to $3K. Total assets increased by 915.6% over the same period, from $4K to $40K. Total functional expenses fell by 88.4%, from $211K to $24K. In its most recent filing year (2023), Horsey Family Youth Foundation Inc reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $24K | $40K | $0 | — | View 990 |
| 2022 | $182K | $190K | $46K | $0 | — | — |
| 2021 | $266K | $301K | $68K | $0 | — | View 990 |
| 2020 | $46K | $14K | $103K | $0 | — | View 990 |
| 2019 | $250K | $234K | $71K | $0 | — | View 990 |
| 2018 | $212K | $204K | $55K | $0 | — | View 990 |
| 2017 | $218K | $245K | $47K | $0 | — | — |
| 2016 | $221K | $202K | $74K | $0 | — | View 990 |
| 2015 | $132K | $125K | $55K | $0 | — | View 990 |
| 2014 | $113K | $117K | $44K | $0 | — | View 990 |
| 2013 | $134K | $122K | $48K | $0 | — | View 990 |
| 2012 | $182K | $150K | $36K | $0 | — | View 990 |
| 2011 | $210K | $211K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $24K, and assets of $40K (revenue -98.2% year-over-year).
- 2022: Revenue of $182K, expenses of $190K, and assets of $46K (revenue -31.5% year-over-year).
- 2021: Revenue of $266K, expenses of $301K, and assets of $68K (revenue +481.3% year-over-year).
- 2020: Revenue of $46K, expenses of $14K, and assets of $103K (revenue -81.7% year-over-year).
- 2019: Revenue of $250K, expenses of $234K, and assets of $71K (revenue +18.2% year-over-year).
- 2018: Revenue of $212K, expenses of $204K, and assets of $55K (revenue -3.1% year-over-year).
- 2017: Revenue of $218K, expenses of $245K, and assets of $47K (revenue -1.1% year-over-year).
- 2016: Revenue of $221K, expenses of $202K, and assets of $74K (revenue +67.8% year-over-year).
- 2015: Revenue of $132K, expenses of $125K, and assets of $55K (revenue +16.6% year-over-year).
- 2014: Revenue of $113K, expenses of $117K, and assets of $44K (revenue -15.8% year-over-year).
- 2013: Revenue of $134K, expenses of $122K, and assets of $48K (revenue -26.3% year-over-year).
- 2012: Revenue of $182K, expenses of $150K, and assets of $36K (revenue -13.4% year-over-year).
- 2011: Revenue of $210K, expenses of $211K, and assets of $4K.
Data Sources and Methodology
This transparency report for Horsey Family Youth Foundation 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.