Northeast Florida Equestrian Society H O R S E Therapies Inc

Northeast Florida Equestrian Society H O R S E Therapies Inc consistently operates with no reported officer compensation, directing funds to its mission.

EIN: 10636438 · Jacksonville, FL · NTEE: N69 · Updated: 2026-03-28

$2.0MRevenue

$111KAssets

95/100Mission Score (Excellent)

N69

About Northeast Florida Equestrian Society H O R S E Therapies Inc

Northeast Florida Equestrian Society H O R S E Therapies Inc (EIN: 10636438) is a nonprofit organization based in Jacksonville, FL, classified under NTEE code N69. The organization reported total revenue of $2.0M and total assets of $111K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northeast Florida Equestrian Society H O R S E Therapies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Northeast Florida Equestrian Society H O R S E Therapies Inc demonstrates a generally stable financial history with consistent revenue generation over the past several years, peaking at $1,450,495 in 2023. The organization has shown a pattern of expenses closely tracking revenue, indicating a lean operational model. While assets have fluctuated, they remain relatively modest compared to annual revenue, suggesting a focus on immediate program delivery rather than significant asset accumulation. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards its mission.

The organization's spending efficiency appears high, particularly given the absence of reported officer compensation. This suggests that a substantial portion of its $1,573,907 in 2023 expenses is likely directed towards program services. The close alignment of expenses with revenue, sometimes exceeding it slightly as seen in 2023, indicates that the organization is actively deploying its resources to meet its mission rather than building large reserves. The consistent filing of IRS Form 990s over nine periods further enhances its transparency profile, providing a clear historical record of its financial activities.

Overall, Northeast Florida Equestrian Society H O R S E Therapies Inc presents as a financially responsible and transparent organization. Its consistent operational approach, coupled with no reported executive compensation, suggests a strong dedication to its therapeutic equestrian mission. While asset levels are not high, the consistent revenue and expense patterns indicate a sustainable operational model focused on program delivery.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Northeast Florida Equestrian Society H O R S E Therapies Inc with a Mission Score of 95 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, Northeast Florida Equestrian Society H O R S E Therapies 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all nine available IRS 990 filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with annual revenues exceeding $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 Northeast Florida Equestrian Society H O R S E Therapies Inc's IRS 990 filings:

Assets are relatively low compared to annual revenue (e.g., $193,709 in assets vs. $1,450,495 revenue in 2023), which could indicate limited financial reserves for unexpected events, though it also suggests funds are quickly deployed to programs.

Strengths

The following positive indicators were identified for Northeast Florida Equestrian Society H O R S E Therapies Inc:

Consistent 0% officer compensation across all nine filings, demonstrating exceptional commitment to mission-focused spending.
Strong and consistent revenue generation, with recent years exceeding $1 million, indicating robust donor support.
History of consistent IRS 990 filings, reflecting strong transparency and accountability.
Expenses closely align with revenue, suggesting efficient deployment of funds towards programs.
Significant growth in revenue over the past decade, from $233,285 in 2014 to $1,450,495 in 2023.

Frequently Asked Questions about Northeast Florida Equestrian Society H O R S E Therapies Inc

Is Northeast Florida Equestrian Society H O R S E Therapies Inc a good charity?

Based on the available financial data, the organization appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds to its mission. Its revenue has been consistently over $1 million in recent years, and expenses closely track revenue, suggesting efficient use of funds.

How does the lack of officer compensation impact the organization?

The absence of officer compensation means that a greater proportion of the organization's revenue, such as the $1,450,495 in 2023, can be allocated directly to program services and operational costs, maximizing its impact. It also suggests a volunteer-driven leadership model or that leadership compensation is covered by other means not reported on the 990.

What is the trend in the organization's financial health?

The organization has shown consistent revenue growth, from $233,285 in 2014 to $1,450,495 in 2023, indicating strong fundraising and community support. While expenses sometimes slightly exceed revenue (e.g., 2023 expenses of $1,573,907 against revenue of $1,450,495), this suggests active program delivery rather than significant accumulation of reserves, which is common for growing nonprofits.

Filing History

IRS 990 filing history for Northeast Florida Equestrian Society H O R S E Therapies Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2014–2023), Northeast Florida Equestrian Society H O R S E Therapies Inc's revenue has grown by 521.8%, moving from $233K to $1.5M. Total assets increased by 24.3% over the same period, from $156K to $194K. Total functional expenses rose by 571.6%, from $234K to $1.6M. In its most recent filing year (2023), Northeast Florida Equestrian Society H O R S E Therapies Inc reported a deficit of $123K, with expenses exceeding revenue. The organization holds $94K in liabilities against $194K in assets (debt-to-asset ratio: 48.3%), resulting in net assets of $100K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.6M	$194K	$94K	—	View 990
2022	$1.4M	$1.3M	$426K	$97K	—	View 990
2021	$1.4M	$1.2M	$290K	$85K	—	View 990
2020	$794K	$800K	$221K	$200K	—	—
2018	$1.2M	$1.2M	$97K	$108K	—	View 990
2017	$1.2M	$1.3M	$120K	$125K	—	View 990
2016	$967K	$965K	$175K	$92K	—	View 990
2015	$799K	$791K	$185K	$104K	—	View 990
2014	$233K	$234K	$156K	$84K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.6M, and assets of $194K (revenue +4.7% year-over-year).
2022: Revenue of $1.4M, expenses of $1.3M, and assets of $426K (revenue -2.3% year-over-year).
2021: Revenue of $1.4M, expenses of $1.2M, and assets of $290K (revenue +78.7% year-over-year).
2020: Revenue of $794K, expenses of $800K, and assets of $221K (revenue -35.2% year-over-year).
2018: Revenue of $1.2M, expenses of $1.2M, and assets of $97K (revenue +2.5% year-over-year).
2017: Revenue of $1.2M, expenses of $1.3M, and assets of $120K (revenue +23.6% year-over-year).
2016: Revenue of $967K, expenses of $965K, and assets of $175K (revenue +21.0% year-over-year).
2015: Revenue of $799K, expenses of $791K, and assets of $185K (revenue +242.6% year-over-year).
2014: Revenue of $233K, expenses of $234K, and assets of $156K.

Data Sources and Methodology

This transparency report for Northeast Florida Equestrian Society H O R S E Therapies 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.