Kentucky Equine Humane Center Inc
Kentucky Equine Humane Center Inc experienced a significant deficit in its latest fiscal year despite a history of stable finances.
EIN: 205883736 · Lexington, KY · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $516K |
| Total Expenses | $638K |
| Program Spending | 85% |
| Net Assets | $559K |
| Transparency Score | 80/100 |
Is Kentucky Equine Humane Center 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 Humane Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kentucky Equine Humane Center Inc
Kentucky Equine Humane Center Inc (EIN: 205883736) is a nonprofit organization based in Lexington, KY, classified under NTEE code D20. The organization reported total revenue of $516K and total assets of $469K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kentucky Equine Humane Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kentucky Equine Humane Center Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $371K |
| Total Expenses | $638K |
| Surplus / Deficit | $-267,126 |
| Total Assets | $559K |
| Net Assets | $559K |
| Operating Margin | -72.0% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Kentucky Equine Humane Center Inc reported a deficit of $267K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Kentucky Equine Humane Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.2% | +2.2% | -32.3% |
| 2022 | +26.8% | +19.9% | +17.1% |
| 2021 | +28.0% | +8.3% | +18.7% |
| 2020 | -21.2% | +9.1% | +3.9% |
| 2019 | +25.4% | +3.6% | +32.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Humane Center Inc with a Mission Score of 80 out of 100 (Excellent). 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 Humane Center 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 $267K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly favorable for donor perception and resource allocation.
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 Humane Center Inc's IRS 990 filings:
- Significant deficit in the latest fiscal year (202312) where expenses ($638,329) far exceeded revenue ($371,203).
Strengths
The following positive indicators were identified for Kentucky Equine Humane Center Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Long-term growth in assets, from $196,117 in 2014 to $558,845 in 2023, demonstrating financial resilience.
- Zero liabilities reported in most fiscal periods, suggesting sound debt management.
Frequently Asked Questions about Kentucky Equine Humane Center Inc
Is Kentucky Equine Humane Center Inc a legitimate charity?
Kentucky Equine Humane Center Inc (EIN: 205883736) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $516K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Kentucky Equine Humane Center Inc spend its money?
Kentucky Equine Humane Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Kentucky Equine Humane Center Inc tax-deductible?
Kentucky Equine Humane Center Inc is registered as a tax-exempt nonprofit (EIN: 205883736). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kentucky Equine Humane Center Inc's spending goes to programs?
Kentucky Equine Humane Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kentucky Equine Humane Center Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Kentucky Equine Humane Center Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kentucky Equine Humane Center Inc located?
Kentucky Equine Humane Center Inc is headquartered in Lexington, Kentucky and files with the IRS under EIN 205883736. It is classified under NTEE code D20.
How many years of IRS 990 filings does Kentucky Equine Humane Center Inc have?
Kentucky Equine Humane Center 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 $516K in total revenue.
Why did expenses significantly exceed revenue in the 202312 fiscal period?
The 202312 filing shows expenses of $638,329 against revenues of $371,203, leading to a deficit. This warrants further investigation into the specific drivers of increased spending or decreased income during that period.
How does the organization sustain operations with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers or compensated through other means not classified as officer compensation on the 990, which is a strong indicator of efficient resource use.
What is the long-term trend for the organization's net assets?
Net assets have generally grown over the decade, from $196,117 in 2014 to $558,845 in 2023, indicating a positive trend in building financial reserves despite year-to-year fluctuations.
Filing History
IRS 990 filing history for Kentucky Equine Humane Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kentucky Equine Humane Center Inc's revenue has grown by 29.2%, moving from $287K to $371K. Total assets increased by 303.7% over the same period, from $138K to $559K. Total functional expenses rose by 128.2%, from $280K to $638K. In its most recent filing year (2023), Kentucky Equine Humane Center Inc reported a deficit of $267K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $371K | $638K | $559K | $0 | — | View 990 |
| 2022 | $745K | $624K | $826K | $0 | — | View 990 |
| 2021 | $587K | $521K | $706K | $-116 | — | View 990 |
| 2020 | $459K | $481K | $594K | $-75 | — | View 990 |
| 2019 | $582K | $441K | $572K | $-14 | — | View 990 |
| 2018 | $465K | $426K | $431K | $-141 | — | View 990 |
| 2017 | $476K | $367K | $392K | $0 | — | View 990 |
| 2016 | $420K | $363K | $283K | $0 | — | View 990 |
| 2015 | $377K | $346K | $227K | $0 | — | View 990 |
| 2014 | $378K | $312K | $196K | $0 | — | View 990 |
| 2013 | $263K | $275K | $130K | $0 | — | View 990 |
| 2012 | $260K | $257K | $141K | $0 | — | View 990 |
| 2011 | $287K | $280K | $138K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $371K, expenses of $638K, and assets of $559K (revenue -50.2% year-over-year).
- 2022: Revenue of $745K, expenses of $624K, and assets of $826K (revenue +26.8% year-over-year).
- 2021: Revenue of $587K, expenses of $521K, and assets of $706K (revenue +28.0% year-over-year).
- 2020: Revenue of $459K, expenses of $481K, and assets of $594K (revenue -21.2% year-over-year).
- 2019: Revenue of $582K, expenses of $441K, and assets of $572K (revenue +25.4% year-over-year).
- 2018: Revenue of $465K, expenses of $426K, and assets of $431K (revenue -2.4% year-over-year).
- 2017: Revenue of $476K, expenses of $367K, and assets of $392K (revenue +13.5% year-over-year).
- 2016: Revenue of $420K, expenses of $363K, and assets of $283K (revenue +11.4% year-over-year).
- 2015: Revenue of $377K, expenses of $346K, and assets of $227K (revenue -0.3% year-over-year).
- 2014: Revenue of $378K, expenses of $312K, and assets of $196K (revenue +43.4% year-over-year).
- 2013: Revenue of $263K, expenses of $275K, and assets of $130K (revenue +1.3% year-over-year).
- 2012: Revenue of $260K, expenses of $257K, and assets of $141K (revenue -9.5% year-over-year).
- 2011: Revenue of $287K, expenses of $280K, and assets of $138K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kentucky Equine Humane Center Inc:
Data Sources and Methodology
This transparency report for Kentucky Equine Humane Center 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.