Manakin Equine Retirement Association
EIN: 833441281 · Manakin Sabot, VA · NTEE: D61
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $178K |
| Net Assets | $-32,626 |
Is Manakin Equine Retirement Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Manakin Equine Retirement Association
Manakin Equine Retirement Association (EIN: 833441281) is a nonprofit organization based in Manakin Sabot, VA, classified under NTEE code D61. The organization reported total revenue of $179K and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manakin Equine Retirement Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Manakin Equine Retirement Association is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 38.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $178K |
| Surplus / Deficit | +$1K |
| Total Assets | $29K |
| Total Liabilities | $62K |
| Net Assets | $-32,626 |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 211.9% |
| Months of Reserves | 2.0 months |
Financial Health Grade: B
In 2023, Manakin Equine Retirement Association reported a surplus of $1K with revenue exceeding expenses, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 211.9% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Manakin Equine Retirement Association's revenue has grown at a compound annual growth rate (CAGR) of 38.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.5% | +11.3% | +346.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2400 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Manakin Equine Retirement Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Manakin Equine Retirement Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 211.9%.
Frequently Asked Questions about Manakin Equine Retirement Association
Is Manakin Equine Retirement Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Manakin Equine Retirement Association (EIN: 833441281) insufficient data. 0 red flags identified, 0 strengths noted.
How does Manakin Equine Retirement Association spend its money?
Detailed spending breakdown data is not yet available for Manakin Equine Retirement Association. Check back for updated IRS 990 analysis.
Are donations to Manakin Equine Retirement Association tax-deductible?
Manakin Equine Retirement Association is registered as a tax-exempt nonprofit (EIN: 833441281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Manakin Equine Retirement Association located?
Manakin Equine Retirement Association is headquartered in Manakin Sabot, Virginia and files with the IRS under EIN 833441281. It is classified under NTEE code D61.
How many years of IRS 990 filings does Manakin Equine Retirement Association have?
Manakin Equine Retirement Association has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $179K in total revenue.
Filing History
IRS 990 filing history for Manakin Equine Retirement Association showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Manakin Equine Retirement Association's revenue has grown by 38.5%, moving from $129K to $179K. Total assets increased by 346.4% over the same period, from $7K to $29K. Total functional expenses rose by 11.3%, from $160K to $178K. In its most recent filing year (2023), Manakin Equine Retirement Association reported a surplus of $1K, with revenue exceeding expenses. The organization holds $62K in liabilities against $29K in assets (debt-to-asset ratio: 211.9%), resulting in net assets of $-32,626.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $178K | $29K | $62K | — | — |
| 2022 | $129K | $160K | $7K | $37K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Manakin Equine Retirement Association:
Data Sources and Methodology
This transparency report for Manakin Equine Retirement Association 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.