Ladawn Quarter Horses Therapeutic Riding Center
Ladawn Quarter Horses Therapeutic Riding Center shows consistent growth and strong program spending with no reported officer compensation.
EIN: 10641255 · W Kennebunk, ME · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $119K |
| Total Expenses | $79K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $118,600 |
| Net Assets | $155K |
| Transparency Score | 92/100 |
Is Ladawn Quarter Horses Therapeutic Riding Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ladawn Quarter Horses Therapeutic Riding Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ladawn Quarter Horses Therapeutic Riding Center
Ladawn Quarter Horses Therapeutic Riding Center (EIN: 10641255) is a nonprofit organization based in W Kennebunk, ME, classified under NTEE code P82. The organization reported total revenue of $119K and total assets of $224K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ladawn Quarter Horses Therapeutic Riding Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ladawn Quarter Horses Therapeutic Riding Center is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $79K |
| Surplus / Deficit | +$20K |
| Total Assets | $171K |
| Total Liabilities | $16K |
| Net Assets | $155K |
| Operating Margin | 20.2% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 26.1 months |
Financial Health Grade: A
In 2023, Ladawn Quarter Horses Therapeutic Riding Center reported a surplus of $20K with revenue exceeding expenses, holds 26.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ladawn Quarter Horses Therapeutic Riding Center's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.2% | +32.6% | +13.2% |
| 2022 | +60.9% | -7.4% | +45.0% |
| 2021 | -9.5% | +12.9% | +1.9% |
| 2020 | -2.7% | -21.9% | +18.8% |
| 2019 | -27.7% | -18.9% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Ladawn Quarter Horses Therapeutic Riding Center with a Mission Score of 92 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, Ladawn Quarter Horses Therapeutic Riding Center 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 surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that key officers are either volunteers or receive compensation below IRS reporting thresholds, which is a positive sign for a small nonprofit of this size (latest revenue $118,600).
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.
Strengths
The following positive indicators were identified for Ladawn Quarter Horses Therapeutic Riding Center:
- Strong program spending ratio (85% in 2023)
- Consistent asset growth (assets nearly doubled from 2019 to 2023)
- No reported officer compensation, indicating volunteer leadership or very low executive costs
- Positive net income in most recent years (e.g., $98,598 revenue vs. $78,684 expenses in 2023)
- Stable and manageable liabilities ($15,745 for several years)
Frequently Asked Questions about Ladawn Quarter Horses Therapeutic Riding Center
Is Ladawn Quarter Horses Therapeutic Riding Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Ladawn Quarter Horses Therapeutic Riding Center (EIN: 10641255) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Ladawn Quarter Horses Therapeutic Riding Center spend its money?
Ladawn Quarter Horses Therapeutic Riding Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ladawn Quarter Horses Therapeutic Riding Center tax-deductible?
Ladawn Quarter Horses Therapeutic Riding Center is registered as a tax-exempt nonprofit (EIN: 10641255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ladawn Quarter Horses Therapeutic Riding Center CEO make?
Ladawn Quarter Horses Therapeutic Riding Center's highest-compensated officer earns $118,600 annually. The organization reported $119K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ladawn Quarter Horses Therapeutic Riding Center's spending goes to programs?
Ladawn Quarter Horses Therapeutic Riding Center directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ladawn Quarter Horses Therapeutic Riding Center compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Ladawn Quarter Horses Therapeutic Riding Center is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ladawn Quarter Horses Therapeutic Riding Center located?
Ladawn Quarter Horses Therapeutic Riding Center is headquartered in W Kennebunk, Maine and files with the IRS under EIN 10641255. It is classified under NTEE code P82.
How many years of IRS 990 filings does Ladawn Quarter Horses Therapeutic Riding Center have?
Ladawn Quarter Horses Therapeutic Riding Center 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 $119K in total revenue.
Is Ladawn Quarter Horses Therapeutic Riding Center a good charity?
Yes, based on the available data, Ladawn Quarter Horses Therapeutic Riding Center appears to be a good charity. They demonstrate strong program spending (85% in 2023), consistent asset growth, and excellent transparency with no reported officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $86,098 in 2019 to $171,136 in 2023, and revenue has generally increased, reaching $98,598 in 2023 from $75,034 in 2019.
What is the organization's spending efficiency?
Ladawn Quarter Horses Therapeutic Riding Center exhibits high spending efficiency, with 85% of its expenses dedicated to program services in 2023. This indicates that the vast majority of funds are directly supporting their mission.
Filing History
IRS 990 filing history for Ladawn Quarter Horses Therapeutic Riding Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ladawn Quarter Horses Therapeutic Riding Center's revenue has grown by 43.6%, moving from $69K to $99K. Total assets increased by 692.7% over the same period, from $22K to $171K. Total functional expenses fell by 11.5%, from $89K to $79K. In its most recent filing year (2023), Ladawn Quarter Horses Therapeutic Riding Center reported a surplus of $20K, with revenue exceeding expenses. The organization holds $16K in liabilities against $171K in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $155K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99K | $79K | $171K | $16K | — | View 990 |
| 2022 | $106K | $59K | $151K | $16K | — | View 990 |
| 2021 | $66K | $64K | $104K | $16K | — | View 990 |
| 2020 | $73K | $57K | $102K | $16K | — | — |
| 2019 | $75K | $73K | $86K | $16K | — | View 990 |
| 2018 | $104K | $90K | $84K | $16K | — | View 990 |
| 2017 | $80K | $69K | $70K | $16K | — | — |
| 2016 | $76K | $69K | $58K | $16K | — | View 990 |
| 2015 | $76K | $67K | $51K | $16K | — | View 990 |
| 2014 | $89K | $85K | $47K | $21K | — | View 990 |
| 2013 | $109K | $96K | $43K | $21K | — | View 990 |
| 2012 | $85K | $74K | $36K | $3K | — | View 990 |
| 2011 | $69K | $89K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99K, expenses of $79K, and assets of $171K (revenue -7.2% year-over-year).
- 2022: Revenue of $106K, expenses of $59K, and assets of $151K (revenue +60.9% year-over-year).
- 2021: Revenue of $66K, expenses of $64K, and assets of $104K (revenue -9.5% year-over-year).
- 2020: Revenue of $73K, expenses of $57K, and assets of $102K (revenue -2.7% year-over-year).
- 2019: Revenue of $75K, expenses of $73K, and assets of $86K (revenue -27.7% year-over-year).
- 2018: Revenue of $104K, expenses of $90K, and assets of $84K (revenue +29.3% year-over-year).
- 2017: Revenue of $80K, expenses of $69K, and assets of $70K (revenue +6.1% year-over-year).
- 2016: Revenue of $76K, expenses of $69K, and assets of $58K (revenue -0.9% year-over-year).
- 2015: Revenue of $76K, expenses of $67K, and assets of $51K (revenue -14.3% year-over-year).
- 2014: Revenue of $89K, expenses of $85K, and assets of $47K (revenue -18.0% year-over-year).
- 2013: Revenue of $109K, expenses of $96K, and assets of $43K (revenue +28.0% year-over-year).
- 2012: Revenue of $85K, expenses of $74K, and assets of $36K (revenue +23.7% year-over-year).
- 2011: Revenue of $69K, expenses of $89K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ladawn Quarter Horses Therapeutic Riding Center:
Data Sources and Methodology
This transparency report for Ladawn Quarter Horses Therapeutic Riding Center 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.