Mid South Dressage Academy Inc
Mid South Dressage Academy Inc. faces recurring deficits and declining assets despite zero officer compensation.
EIN: 201668590 · Hernando, MS · NTEE: N69 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $167K |
| Total Expenses | $215K |
| Program Spending | 70% |
| Net Assets | $50K |
| Transparency Score | 60/100 |
Is Mid South Dressage Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mid South Dressage Academy Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mid South Dressage Academy Inc
Mid South Dressage Academy Inc (EIN: 201668590) is a nonprofit organization based in Hernando, MS, classified under NTEE code N69. The organization reported total revenue of $167K and total assets of $58K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid South Dressage Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mid South Dressage Academy Inc is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $164K |
| Total Expenses | $215K |
| Surplus / Deficit | $-50,422 |
| Total Assets | $69K |
| Total Liabilities | $19K |
| Net Assets | $50K |
| Operating Margin | -30.7% |
| Debt-to-Asset Ratio | 27.1% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Mid South Dressage Academy Inc reported a deficit of $50K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 27.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mid South Dressage Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.1% | +30.9% | -33.3% |
| 2022 | -21.0% | -30.3% | +16.0% |
| 2021 | +6.4% | -2.6% | -29.7% |
| 2020 | -1.6% | -17.8% | -17.6% |
| 2019 | +19.7% | +3.6% | -29.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
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 Mid South Dressage Academy Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mid South Dressage Academy Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.1%.
Executive Compensation Analysis
Mid South Dressage Academy Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for transparency 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 Mid South Dressage Academy Inc's IRS 990 filings:
- Recurring annual deficits (e.g., 2023, 2021, 2020, 2019, 2018) where expenses exceeded revenue.
- Significant decline in total assets from $265,636 in 2017 to $69,217 in 2023.
- Limited financial reserves, with 2023 assets ($69,217) being less than half of 2023 expenses ($214,905).
Strengths
The following positive indicators were identified for Mid South Dressage Academy Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency regarding executive pay.
- Long filing history (14 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Mid South Dressage Academy Inc
Is Mid South Dressage Academy Inc a legitimate charity?
Mid South Dressage Academy Inc (EIN: 201668590) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $167K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Mid South Dressage Academy Inc spend its money?
Mid South Dressage Academy Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Mid South Dressage Academy Inc tax-deductible?
Mid South Dressage Academy Inc is registered as a tax-exempt nonprofit (EIN: 201668590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mid South Dressage Academy Inc's spending goes to programs?
Mid South Dressage Academy Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mid South Dressage Academy Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Mid South Dressage Academy Inc is above average for NTEE category N69 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mid South Dressage Academy Inc located?
Mid South Dressage Academy Inc is headquartered in Hernando, Mississippi and files with the IRS under EIN 201668590. It is classified under NTEE code N69.
How many years of IRS 990 filings does Mid South Dressage Academy Inc have?
Mid South Dressage Academy Inc has 14 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 $167K in total revenue.
Is Mid South Dressage Academy Inc. financially stable?
The organization's financial stability is a concern, as it has experienced recurring deficits in recent years (e.g., 2023, 2021, 2020, 2019, 2018) and its assets have significantly declined from $265,636 in 2017 to $69,217 in 2023.
How does Mid South Dressage Academy Inc. manage executive compensation?
Mid South Dressage Academy Inc. reports 0% officer compensation in all available filings, meaning no salaries or benefits are paid to its officers, which is a highly transparent practice.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, with a peak of $350,772 in 2015 and a recent low of $164,483 in 2023. Expenses have also varied, often exceeding revenue in recent periods, such as $214,905 in expenses against $164,483 in revenue in 2023.
Filing History
IRS 990 filing history for Mid South Dressage Academy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mid South Dressage Academy Inc's revenue has grown by 43.4%, moving from $115K to $164K. Total assets increased by 27.6% over the same period, from $54K to $69K. Total functional expenses rose by 56.7%, from $137K to $215K. In its most recent filing year (2023), Mid South Dressage Academy Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $19K in liabilities against $69K in assets (debt-to-asset ratio: 27.1%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $164K | $215K | $69K | $19K | — | — |
| 2022 | $192K | $164K | $104K | $3K | — | View 990 |
| 2021 | $243K | $235K | $89K | $16K | — | View 990 |
| 2020 | $228K | $242K | $127K | $61K | — | View 990 |
| 2019 | $232K | $294K | $154K | $74K | — | View 990 |
| 2018 | $193K | $284K | $219K | $77K | — | View 990 |
| 2017 | $278K | $267K | $266K | $33K | — | View 990 |
| 2016 | $296K | $285K | $262K | $40K | — | View 990 |
| 2015 | $351K | $219K | $242K | $8K | — | View 990 |
| 2014 | $184K | $151K | $63K | $-15,016 | — | View 990 |
| 2013 | $150K | $178K | $66K | $14K | — | View 990 |
| 2012 | $217K | $165K | $124K | $50K | — | View 990 |
| 2011 | $176K | $170K | $52K | $30K | — | View 990 |
| 2010 | $115K | $137K | $54K | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $164K, expenses of $215K, and assets of $69K (revenue -14.1% year-over-year).
- 2022: Revenue of $192K, expenses of $164K, and assets of $104K (revenue -21.0% year-over-year).
- 2021: Revenue of $243K, expenses of $235K, and assets of $89K (revenue +6.4% year-over-year).
- 2020: Revenue of $228K, expenses of $242K, and assets of $127K (revenue -1.6% year-over-year).
- 2019: Revenue of $232K, expenses of $294K, and assets of $154K (revenue +19.7% year-over-year).
- 2018: Revenue of $193K, expenses of $284K, and assets of $219K (revenue -30.4% year-over-year).
- 2017: Revenue of $278K, expenses of $267K, and assets of $266K (revenue -6.0% year-over-year).
- 2016: Revenue of $296K, expenses of $285K, and assets of $262K (revenue -15.7% year-over-year).
- 2015: Revenue of $351K, expenses of $219K, and assets of $242K (revenue +90.8% year-over-year).
- 2014: Revenue of $184K, expenses of $151K, and assets of $63K (revenue +22.4% year-over-year).
- 2013: Revenue of $150K, expenses of $178K, and assets of $66K (revenue -30.9% year-over-year).
- 2012: Revenue of $217K, expenses of $165K, and assets of $124K (revenue +23.6% year-over-year).
- 2011: Revenue of $176K, expenses of $170K, and assets of $52K (revenue +53.2% year-over-year).
- 2010: Revenue of $115K, expenses of $137K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mid South Dressage Academy Inc:
Data Sources and Methodology
This transparency report for Mid South Dressage Academy 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.