Lowcountry Equine Assisted Psychotherapy
Lowcountry Equine Assisted Psychotherapy experiences significant revenue decline and deficit spending in 2022 after peak performance in 2021.
EIN: 202158956 · Wadmalaw Is, SC · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $202K |
| Program Spending | 80% |
| Net Assets | $190K |
| Transparency Score | 75/100 |
Is Lowcountry Equine Assisted Psychotherapy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lowcountry Equine Assisted Psychotherapy directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lowcountry Equine Assisted Psychotherapy
Lowcountry Equine Assisted Psychotherapy (EIN: 202158956) is a nonprofit organization based in Wadmalaw Is, SC, classified under NTEE code E60. The organization reported total revenue of $265K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lowcountry Equine Assisted Psychotherapy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lowcountry Equine Assisted Psychotherapy is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $202K |
| Surplus / Deficit | $-65,329 |
| Total Assets | $241K |
| Total Liabilities | $51K |
| Net Assets | $190K |
| Operating Margin | -47.7% |
| Debt-to-Asset Ratio | 21.1% |
| Months of Reserves | 14.3 months |
Financial Health Grade: B
In 2022, Lowcountry Equine Assisted Psychotherapy reported a deficit of $65K with expenses exceeding revenue, holds 14.3 months of operating reserves (strong position), has a debt-to-asset ratio of 21.1% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Lowcountry Equine Assisted Psychotherapy's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -58.0% | +38.8% | -21.3% |
| 2021 | +170.5% | +38.6% | +142.6% |
| 2020 | +3.6% | +4.6% | +110.1% |
| 2019 | +5.1% | +37.9% | +34.0% |
| 2018 | +96.3% | +18.9% | +577.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Lowcountry Equine Assisted Psychotherapy with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lowcountry Equine Assisted Psychotherapy 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.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $65K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is a strong positive for minimizing administrative overhead.
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 Lowcountry Equine Assisted Psychotherapy's IRS 990 filings:
- Significant deficit spending in 2022 ($202,330 expenses vs. $137,001 revenue)
- Substantial year-over-year revenue volatility (e.g., $325,888 in 2021 to $137,001 in 2022)
- Decrease in assets from $306,361 in 2021 to $241,032 in 2022
Strengths
The following positive indicators were identified for Lowcountry Equine Assisted Psychotherapy:
- Consistent reporting of 0% officer compensation across all filings
- Long history of IRS 990 filings demonstrating transparency
- Significant growth in revenue and assets over the past decade (e.g., from $56,365 revenue in 2017 to $137,001 in 2022, and assets from $6,620 to $241,032)
- Clear mission focused on equine-assisted psychotherapy (NTEE Code E60)
Frequently Asked Questions about Lowcountry Equine Assisted Psychotherapy
Is Lowcountry Equine Assisted Psychotherapy a legitimate charity?
Based on AI analysis of IRS 990 filings, Lowcountry Equine Assisted Psychotherapy (EIN: 202158956) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Lowcountry Equine Assisted Psychotherapy spend its money?
Lowcountry Equine Assisted Psychotherapy directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lowcountry Equine Assisted Psychotherapy tax-deductible?
Lowcountry Equine Assisted Psychotherapy is registered as a tax-exempt nonprofit (EIN: 202158956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lowcountry Equine Assisted Psychotherapy's spending goes to programs?
Lowcountry Equine Assisted Psychotherapy directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lowcountry Equine Assisted Psychotherapy compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lowcountry Equine Assisted Psychotherapy is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lowcountry Equine Assisted Psychotherapy located?
Lowcountry Equine Assisted Psychotherapy is headquartered in Wadmalaw Is, South Carolina and files with the IRS under EIN 202158956. It is classified under NTEE code E60.
How many years of IRS 990 filings does Lowcountry Equine Assisted Psychotherapy have?
Lowcountry Equine Assisted Psychotherapy has 12 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 $265K in total revenue.
Is Lowcountry Equine Assisted Psychotherapy a good charity?
LEAP demonstrates several characteristics of a good charity, including a clear mission, consistent IRS filings, and 0% reported officer compensation. However, the recent significant deficit spending in 2022 and fluctuating revenue warrant further investigation into their financial management and sustainability plans.
What caused the large revenue drop in 2022?
The provided data does not specify the exact reasons for the revenue drop from $325,888 in 2021 to $137,001 in 2022. This could be due to a one-time large donation in 2021, a decrease in grants, or reduced fundraising activities. Further detail from their full 990 filing would be needed to understand this fluctuation.
How does LEAP manage its liabilities?
LEAP's liabilities have been consistently reported at $50,885 in recent years (2020-2022), after periods of $0 or minimal liabilities. While not excessively high relative to assets, understanding the nature of these liabilities (e.g., mortgages, program-related debt) would provide more insight into their financial management.
Filing History
IRS 990 filing history for Lowcountry Equine Assisted Psychotherapy showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Lowcountry Equine Assisted Psychotherapy's revenue has grown by 138.3%, moving from $57K to $137K. Total assets increased by 731.5% over the same period, from $29K to $241K. Total functional expenses rose by 269.2%, from $55K to $202K. In its most recent filing year (2022), Lowcountry Equine Assisted Psychotherapy reported a deficit of $65K, with expenses exceeding revenue. The organization holds $51K in liabilities against $241K in assets (debt-to-asset ratio: 21.1%), resulting in net assets of $190K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $137K | $202K | $241K | $51K | — | View 990 |
| 2021 | $326K | $146K | $306K | $51K | — | View 990 |
| 2020 | $120K | $105K | $126K | $51K | — | View 990 |
| 2019 | $116K | $101K | $60K | $0 | — | View 990 |
| 2018 | $111K | $73K | $45K | $500 | — | View 990 |
| 2017 | $56K | $61K | $7K | $0 | — | — |
| 2016 | $54K | $59K | $12K | $0 | — | View 990 |
| 2015 | $73K | $71K | $17K | $0 | — | View 990 |
| 2014 | $75K | $87K | $15K | $0 | — | View 990 |
| 2013 | $80K | $76K | $28K | $0 | — | View 990 |
| 2012 | $61K | $63K | $24K | $0 | — | View 990 |
| 2011 | $57K | $55K | $29K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $137K, expenses of $202K, and assets of $241K (revenue -58.0% year-over-year).
- 2021: Revenue of $326K, expenses of $146K, and assets of $306K (revenue +170.5% year-over-year).
- 2020: Revenue of $120K, expenses of $105K, and assets of $126K (revenue +3.6% year-over-year).
- 2019: Revenue of $116K, expenses of $101K, and assets of $60K (revenue +5.1% year-over-year).
- 2018: Revenue of $111K, expenses of $73K, and assets of $45K (revenue +96.3% year-over-year).
- 2017: Revenue of $56K, expenses of $61K, and assets of $7K (revenue +4.2% year-over-year).
- 2016: Revenue of $54K, expenses of $59K, and assets of $12K (revenue -25.5% year-over-year).
- 2015: Revenue of $73K, expenses of $71K, and assets of $17K (revenue -3.2% year-over-year).
- 2014: Revenue of $75K, expenses of $87K, and assets of $15K (revenue -6.0% year-over-year).
- 2013: Revenue of $80K, expenses of $76K, and assets of $28K (revenue +29.6% year-over-year).
- 2012: Revenue of $61K, expenses of $63K, and assets of $24K (revenue +6.9% year-over-year).
- 2011: Revenue of $57K, expenses of $55K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lowcountry Equine Assisted Psychotherapy:
Data Sources and Methodology
This transparency report for Lowcountry Equine Assisted Psychotherapy 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.