New England Morgan Horse Association Inc
New England Morgan Horse Association consistently operates near break-even with volunteer leadership.
EIN: 20272095 · Ayer, MA · NTEE: B60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $885K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $211K |
| Transparency Score | 92/100 |
Is New England Morgan Horse Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Morgan Horse Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New England Morgan Horse Association Inc
New England Morgan Horse Association Inc (EIN: 20272095) is a nonprofit organization based in Ayer, MA, classified under NTEE code B60. The organization reported total revenue of $1.0M and total assets of $276K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Morgan Horse Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New England Morgan Horse Association Inc is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $894K |
| Total Expenses | $885K |
| Surplus / Deficit | +$9K |
| Total Assets | $216K |
| Total Liabilities | $4K |
| Net Assets | $211K |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 2.9 months |
Financial Health Grade: A
In 2023, New England Morgan Horse Association Inc reported a surplus of $9K with revenue exceeding expenses, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), New England Morgan Horse Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.6% | +14.9% | +3.4% |
| 2022 | +9.1% | +13.7% | +19.8% |
| 2021 | +729.4% | +429.8% | -8.7% |
| 2020 | -88.1% | -83.3% | +15.3% |
| 2019 | +3.8% | +8.5% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 New England Morgan Horse Association Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, New England Morgan Horse Association Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is run by volunteers, which is highly commendable for an organization with annual revenues approaching $1 million.
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 New England Morgan Horse Association Inc's IRS 990 filings:
- Significant revenue dip in 2020 ($89,408) compared to surrounding years, though it has since recovered strongly.
Strengths
The following positive indicators were identified for New England Morgan Horse Association Inc:
- Consistent financial reporting over 14 periods, demonstrating high transparency.
- 0% officer compensation, indicating strong volunteer leadership and dedication to mission.
- Consistent growth in assets over the past decade, from $94,593 in 2014 to $215,649 in 2023.
- Expenses closely align with revenues, suggesting efficient use of funds for programs.
- Low liabilities relative to assets, indicating strong financial health.
Frequently Asked Questions about New England Morgan Horse Association Inc
Is New England Morgan Horse Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Morgan Horse Association Inc (EIN: 20272095) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does New England Morgan Horse Association Inc spend its money?
New England Morgan Horse Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New England Morgan Horse Association Inc tax-deductible?
New England Morgan Horse Association Inc is registered as a tax-exempt nonprofit (EIN: 20272095). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New England Morgan Horse Association Inc CEO make?
New England Morgan Horse Association Inc's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New England Morgan Horse Association Inc's spending goes to programs?
New England Morgan Horse Association Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New England Morgan Horse Association Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New England Morgan Horse Association Inc is above average for NTEE category B60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New England Morgan Horse Association Inc located?
New England Morgan Horse Association Inc is headquartered in Ayer, Massachusetts and files with the IRS under EIN 20272095. It is classified under NTEE code B60.
How many years of IRS 990 filings does New England Morgan Horse Association Inc have?
New England Morgan Horse Association 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 $1.0M in total revenue.
Is New England Morgan Horse Association Inc. financially stable?
Yes, the organization appears financially stable. Its assets have grown consistently from $94,593 in 2014 to $215,649 in 2023, and liabilities are consistently low relative to assets, such as $4,300 in liabilities against $215,649 in assets in 2023.
How efficiently does the organization spend its money?
The organization demonstrates high spending efficiency, consistently spending nearly all its revenue on operations. For example, in 2023, expenses were $885,007 against revenues of $894,220, indicating a strong focus on program delivery and minimal surplus accumulation.
Does the organization pay its officers?
No, the organization reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based.
Has the organization's revenue been consistent?
Revenue has shown some fluctuations but a general upward trend, with significant increases from $89,408 in 2020 to $894,220 in 2023, after a dip in 2020, suggesting a recovery and growth in recent years.
Filing History
IRS 990 filing history for New England Morgan Horse Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), New England Morgan Horse Association Inc's revenue has grown by 26.5%, moving from $707K to $894K. Total assets increased by 75.9% over the same period, from $123K to $216K. Total functional expenses rose by 23.2%, from $718K to $885K. In its most recent filing year (2023), New England Morgan Horse Association Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $4K in liabilities against $216K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $211K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $894K | $885K | $216K | $4K | — | — |
| 2022 | $809K | $770K | $209K | $6K | — | View 990 |
| 2021 | $742K | $677K | $174K | $11K | — | View 990 |
| 2020 | $89K | $128K | $191K | $92K | — | View 990 |
| 2019 | $754K | $766K | $165K | $28K | — | View 990 |
| 2018 | $726K | $706K | $174K | $25K | — | View 990 |
| 2017 | $667K | $651K | $146K | $17K | — | View 990 |
| 2016 | $640K | $601K | $131K | $18K | — | View 990 |
| 2015 | $674K | $676K | $107K | $34K | — | View 990 |
| 2014 | $23K | $31K | $95K | $0 | — | View 990 |
| 2014 | $646K | $669K | $103K | $0 | — | View 990 |
| 2013 | $717K | $691K | $126K | $0 | — | View 990 |
| 2012 | $702K | $725K | $100K | $0 | — | View 990 |
| 2011 | $707K | $718K | $123K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $894K, expenses of $885K, and assets of $216K (revenue +10.6% year-over-year).
- 2022: Revenue of $809K, expenses of $770K, and assets of $209K (revenue +9.1% year-over-year).
- 2021: Revenue of $742K, expenses of $677K, and assets of $174K (revenue +729.4% year-over-year).
- 2020: Revenue of $89K, expenses of $128K, and assets of $191K (revenue -88.1% year-over-year).
- 2019: Revenue of $754K, expenses of $766K, and assets of $165K (revenue +3.8% year-over-year).
- 2018: Revenue of $726K, expenses of $706K, and assets of $174K (revenue +8.9% year-over-year).
- 2017: Revenue of $667K, expenses of $651K, and assets of $146K (revenue +4.1% year-over-year).
- 2016: Revenue of $640K, expenses of $601K, and assets of $131K (revenue -5.0% year-over-year).
- 2015: Revenue of $674K, expenses of $676K, and assets of $107K (revenue +2857.5% year-over-year).
- 2014: Revenue of $23K, expenses of $31K, and assets of $95K (revenue -96.5% year-over-year).
- 2014: Revenue of $646K, expenses of $669K, and assets of $103K (revenue -10.0% year-over-year).
- 2013: Revenue of $717K, expenses of $691K, and assets of $126K (revenue +2.2% year-over-year).
- 2012: Revenue of $702K, expenses of $725K, and assets of $100K (revenue -0.6% year-over-year).
- 2011: Revenue of $707K, expenses of $718K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New England Morgan Horse Association Inc:
Data Sources and Methodology
This transparency report for New England Morgan Horse Association 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.