Kentucky Equine Education Alliance Inc
Kentucky Equine Education Alliance Inc. consistently operates near break-even with no reported officer compensation.
EIN: 201089220 · Lexington, KY · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $301K |
| Total Expenses | $273K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400,000. |
| Net Assets | $38K |
| Transparency Score | 78/100 |
Is Kentucky Equine Education Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kentucky Equine Education Alliance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Equine Education Alliance Inc
Kentucky Equine Education Alliance Inc (EIN: 201089220) is a nonprofit organization based in Lexington, KY, classified under NTEE code S41. The organization reported total revenue of $301K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Equine Education Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Equine Education Alliance Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $255K |
| Total Expenses | $273K |
| Surplus / Deficit | $-17,928 |
| Total Assets | $38K |
| Total Liabilities | $380 |
| Net Assets | $38K |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, Kentucky Equine Education Alliance Inc reported a deficit of $18K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kentucky Equine Education Alliance Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | -7.0% | -32.7% |
| 2022 | -27.8% | -25.5% | -15.1% |
| 2021 | +89.6% | +140.2% | -0.2% |
| 2020 | +11.0% | -6.9% | +18.7% |
| 2019 | -27.3% | -19.1% | +16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kentucky Equine Education Alliance Inc with a Mission Score of 78 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Kentucky Equine Education Alliance Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly efficient for an organization of its size with revenues typically under $400,000.
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 Kentucky Equine Education Alliance Inc's IRS 990 filings:
- Frequent deficit spending (e.g., 2023, 2022, 2021, 2017, 2015)
- Relatively low asset base compared to annual expenses, indicating limited reserves
Strengths
The following positive indicators were identified for Kentucky Equine Education Alliance Inc:
- Consistent IRS 990 filing history (13 filings)
- No reported officer compensation across all filings, indicating efficient executive spending
- Stable revenue stream over the past decade, generally between $200k-$400k
Frequently Asked Questions about Kentucky Equine Education Alliance Inc
Is Kentucky Equine Education Alliance Inc a legitimate charity?
Kentucky Equine Education Alliance Inc (EIN: 201089220) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $301K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Kentucky Equine Education Alliance Inc spend its money?
Kentucky Equine Education Alliance Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kentucky Equine Education Alliance Inc tax-deductible?
Kentucky Equine Education Alliance Inc is registered as a tax-exempt nonprofit (EIN: 201089220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kentucky Equine Education Alliance Inc CEO make?
Kentucky Equine Education Alliance Inc's highest-compensated officer earns $400,000. annually. The organization reported $301K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kentucky Equine Education Alliance Inc's spending goes to programs?
Kentucky Equine Education Alliance Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Equine Education Alliance Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Kentucky Equine Education Alliance Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Equine Education Alliance Inc located?
Kentucky Equine Education Alliance Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 201089220. It is classified under NTEE code S41.
How many years of IRS 990 filings does Kentucky Equine Education Alliance Inc have?
Kentucky Equine Education Alliance Inc has 13 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 $301K in total revenue.
Is Kentucky Equine Education Alliance Inc. a good charity?
Based on the provided data, the organization appears to be a reasonably good charity, particularly due to its consistent operation, lack of officer compensation, and regular financial reporting. However, a full assessment would require more detailed expense breakdowns to confirm program efficiency.
How does the organization manage its finances given frequent deficit spending?
The organization frequently incurs expenses slightly higher than its revenue, as seen in 2023 ($272,960 expenses vs. $255,032 revenue). This suggests a reliance on prior year surpluses or careful management of cash flow to cover shortfalls, potentially indicating a lean operational model.
What is the long-term financial stability of the organization?
While the organization has a long operating history, its relatively low asset base (e.g., $37,932 in 2023) and occasional deficit spending suggest that it operates with limited financial reserves. This could pose challenges for long-term stability if significant unexpected expenses arise or if revenue declines substantially.
Filing History
IRS 990 filing history for Kentucky Equine Education Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kentucky Equine Education Alliance Inc's revenue has declined by 35.2%, moving from $394K to $255K. Total assets increased by 907% over the same period, from $4K to $38K. Total functional expenses fell by 38.4%, from $443K to $273K. In its most recent filing year (2023), Kentucky Equine Education Alliance Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $380 in liabilities against $38K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $255K | $273K | $38K | $380 | — | — |
| 2022 | $283K | $293K | $56K | $863 | — | View 990 |
| 2021 | $393K | $394K | $66K | $862 | — | — |
| 2020 | $207K | $164K | $66K | $0 | — | — |
| 2019 | $187K | $176K | $56K | $0 | — | View 990 |
| 2018 | $257K | $218K | $48K | $3K | — | View 990 |
| 2017 | $266K | $258K | $15K | $9K | — | View 990 |
| 2016 | $305K | $286K | $5K | $6K | — | View 990 |
| 2015 | $211K | $237K | $1 | $21K | — | View 990 |
| 2014 | $252K | $239K | $14K | $9K | — | View 990 |
| 2013 | $285K | $350K | $2K | $9K | — | View 990 |
| 2012 | $479K | $411K | $68K | $10K | — | View 990 |
| 2011 | $394K | $443K | $4K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $255K, expenses of $273K, and assets of $38K (revenue -10.0% year-over-year).
- 2022: Revenue of $283K, expenses of $293K, and assets of $56K (revenue -27.8% year-over-year).
- 2021: Revenue of $393K, expenses of $394K, and assets of $66K (revenue +89.6% year-over-year).
- 2020: Revenue of $207K, expenses of $164K, and assets of $66K (revenue +11.0% year-over-year).
- 2019: Revenue of $187K, expenses of $176K, and assets of $56K (revenue -27.3% year-over-year).
- 2018: Revenue of $257K, expenses of $218K, and assets of $48K (revenue -3.4% year-over-year).
- 2017: Revenue of $266K, expenses of $258K, and assets of $15K (revenue -13.0% year-over-year).
- 2016: Revenue of $305K, expenses of $286K, and assets of $5K (revenue +44.7% year-over-year).
- 2015: Revenue of $211K, expenses of $237K, and assets of $1 (revenue -16.2% year-over-year).
- 2014: Revenue of $252K, expenses of $239K, and assets of $14K (revenue -11.5% year-over-year).
- 2013: Revenue of $285K, expenses of $350K, and assets of $2K (revenue -40.6% year-over-year).
- 2012: Revenue of $479K, expenses of $411K, and assets of $68K (revenue +21.7% year-over-year).
- 2011: Revenue of $394K, expenses of $443K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Equine Education Alliance Inc:
Data Sources and Methodology
This transparency report for Kentucky Equine Education Alliance 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.